A periodic look through the archives of the greatest investor in history

In Berkshire Hathaway’s 1994 Letter to Shareholders, Warren Buffett offered his thoughts on macroeconomic forecasting, and discussed why fear is “the friend of the fundamentalist” . Below is an excerpt from the letter.

 Excerpted from Berkshire Hathaway’s 1994 Letter to Shareholders

Validea’s Warren Buffett-inspired portfolio is up 113.1% since its late-2003 inception vs. 83.3% for the S&P 500. Check out its holdings here.