Wisdom from Warren Buffett
October 5th 2007 by DXL in PeopleI found a reprint from a 1998 article in The Investor Journal. It has some nice notes from one of Berkshire’s famous annual meetings, including:
- ”Because of the use of options and warrants, we estimate earnings for many companies could be 10% or more lower than what they state.”
- “We have decentralized Berkshire Hathaway to the point of abdication. The only thing we have centralized is money.”
- “Good businesses throw up easy questions for the managers and the board, bad businesses throw up tough questions.”
I recommend you read the full article yourself.
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Warren,
Buy gold as it will go to 3 grand and we should see silver at 50 to 100. Take a look at the charts………….. There is a great formation. We are looking at the decline of the dollar and high inflation……………..