A periodic look through the archives of the greatest investor in history
In Berkshire Hathaway’s 2011 Letter to Shareholders, Warren Buffett offered his thoughts on why he sometimes hopes that his holdings will decline in value, using IBM as an example. Below is an excerpt from the letter.
Excerpted from Berkshire Hathaway’s 2011 Letter to Shareholders
Validea’s Warren Buffett-inspired portfolio is up 122.1% since its late-2003 inception vs. 81.5% for the S&P 500. Check out its holdings here.