by John Huber | Jan 26, 2017 | Buffett Letter Series
One of the main themes of the 1980 letter was the same message of the 1979 letter: inflation is a corporate tapeworm that eats away at intrinsic value. I think Buffett’s comments on inflation are interesting because they don’t match up with how many economists and...
by John Huber | Dec 26, 2016 | Buffett Letter Series, Investment Theory
First off, as we reach the end of 2016, Matt and I want to sincerely thank you, the members of this site. This site got started as a side project that Matt and I thought would be fun, and while we are just three months in, we've personally found a lot of value in...
by Matt Brice | Nov 29, 2016 | Buffett Letter Series
I want to make two points in this post. The first is on Buffett’s management style and the second on his patience. First, Buffett’s management skills are amazingly unique. I don’t think this is well appreciated, although he has demonstrated his approach for over 30...
by Matt Brice | Oct 26, 2016 | Buffett Letter Series, Investment Theory
“Life can only be understood backwards, but it must be lived forwards.” Soren Kierkegaard I like using this quote, mainly because I hope it justifies my undergraduate degree in philosophy. Luckily, with Buffett’s partnership and Berkshire letters, we can read his...
by John Huber | Oct 4, 2016 | Buffett Letter Series
As I mentioned in the 1977 letter summary, Matt and I are methodically summarizing each of the Buffett letters. We’ve read these multiple times, but they continue to be extremely valuable learning tools, and are always worth studying again. Let’s move on to the 1978...
by John Huber | Sep 16, 2016 | Buffett Letter Series
Reading the Berkshire Hathaway shareholder letters is one of the greatest learning experiences that I have had in my investing career. The letters collectively are akin to a master class on business, investing, behavioral finance, and corporate governance—taught by...
