During February Berkshire Hathaway released its annual report, including the eagerly awaited annual letter from Warren Buffett. We produce an excerpt below which we believe will be of interest for our considered long-term investors: The Power of Retained Earnings In 1924, Edgar Lawrence Smith, an obscure economist and financial advisor, wrote Common Stocks as Long …
The last calendar year was one which confounded many of the sceptics who predicted market Armageddon during the meltdown in late 2018. Whilst not making light of the human, social and environmental costs of certain issues; many of these have very little bearing on long-term investment performance. Most recently, the ‘lightening rod’ is the coronavirus. …
Amongst the plethora of news, two factors appear to be impacting the market more than others: Trade war – impacting confidence The market has a strange habit of finding one lightning rod through which short-term movements are predicated; this time the short-term focus point is the current trade war/standoff between the USA & China. As …
