Warren Buffett released his annual letter to Berkshire Hathaway shareholders about a week ago. As expected, it packs invaluable nuggets of wisdom delivered in the form of original stories and thoughtful “one liners”. Here’s a mention of a few.
On the beauty of long-term investing, the Oracle of Omaha states that ownership of stocks is very much a “positive-sum” game. He jokes that even a patient and level-headed monkey, who constructs a portfolio by throwing 50 darts at a board listing all of the S&P 500, will, over time, enjoy dividends and capital gains, just as long as it never gets tempted to make changes in its original “selections”.
