Authors Abhishek
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At a time when Buffett is being criticised for his style, again, I can't help but admire the investor & the person. Can't help but want to be more like him.
"Buy a company because you want to own it, not because you want the stock to go up."
Some excerpts:
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"Buy stocks for simple reasons, not torturous & sophisticated ones".
Eventually the thesis for a good investment boils down to 2-3 simple points. You have to do a lot of work to figure out what those are & why.
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Even Buffett has struggled with & changed his exit decisions. This I believe is a much tougher problem than the buy decision.
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1969 article: He has made a fortune and is no longer motivated to count boxcars and read statistical manuals. He comes close to the truth when he says: “You shouldn’t be doing at 60 what you did at 20.”
90 & still counting box-cars.
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He attributes his problem to a market that no longer lends itself to his kind of analysis, where real values are hard to find. - 1969
It has been 50 years since we are debating whether the market values "this kind of analysis".
"This kind of analysis" is all that there is.
5/
"Buy a company because you want to own it, not because you want the stock to go up."
Some excerpts:
👇
Excellent compilation of Forbes articles on Warren Buffet from 1969 to 2000s. h/t @valuewalk \U0001f44f@dmuthuk @Gautam__Baidhttps://t.co/V7uTYjwSrn pic.twitter.com/GPDyuk7WGB
— Ram Bhupatiraju (@RamBhupatiraju) December 5, 2020
"Buy stocks for simple reasons, not torturous & sophisticated ones".
Eventually the thesis for a good investment boils down to 2-3 simple points. You have to do a lot of work to figure out what those are & why.
2/
Even Buffett has struggled with & changed his exit decisions. This I believe is a much tougher problem than the buy decision.
3/
1969 article: He has made a fortune and is no longer motivated to count boxcars and read statistical manuals. He comes close to the truth when he says: “You shouldn’t be doing at 60 what you did at 20.”
90 & still counting box-cars.
4/
He attributes his problem to a market that no longer lends itself to his kind of analysis, where real values are hard to find. - 1969
It has been 50 years since we are debating whether the market values "this kind of analysis".
"This kind of analysis" is all that there is.
5/