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

In Berkshire Hathaway’s 1989 Letter to Shareholders, Warren Buffett talked about why Berkshire’s long-term approach has some nice tax-related benefits. Below is an excerpt from the letter.

Validea’s Warren Buffett-inspired portfolio is up 121.3% since its late-2003 inception vs. 88.2% for the S&P 500. Check out its holdings here.