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Read the last twenty years of Buffet's letters. No snark intended. His letters intended for investors are the best use of your time rather than a book someone
by pmohun 7y ago
Read the last twenty years of Buffet's letters.
No snark intended. His letters intended for investors are the best use of your time rather than a book someone wrote for vanity.
- ms512 7y agoThe Intelligent Investor by Benjamin Graham is a classic. Graham's approach shaped Buffett's. Personally, I found The Intelligent Investor to be more clearly written than Buffett's letters. It more clearly left me with a framework for how to approach value investing.
- SuoDuanDao 7y agoExcellent book, and a timeless classic to be sure. I do find Buffet's letters very useful for making sense of the current landscape though.
- yuy910616 7y agothank you
- arthurcolle 7y agoSecurity Analysis by Graham and Dodd was what Buffett used, since II wasn't out yet. A more difficult read as well, also seemed a bit dated when I read through it a decade ago.
- SuoDuanDao 7y agoWhenever someone asks me about sources on investing, I say the same thing - though I phrase it as 'buy one share of Berkshire Hathaway, it comes with a lifetime subscription to the thoughts of the most successful investor alive today'
- reaperducer 7y agoWhenever someone asks me about sources on investing, I say the same thing - though I phrase it as 'buy one share of Berkshire Hathaway, it comes with a lifetime subscription to the thoughts of the most successful investor alive today' Since one share of BRK is almost $350,000 my guess is that not a lot of people you've said that to have followed your advice.
- SuoDuanDao 7y agoBRK.B costs only 1/1000th of the A class shares, and you still get the letters. I couldn't afford an A class share either if that was all that was available.
- gshubert17 7y agoOne share of BRKB, Berkshire Hathaway class B, is around $230, which makes it much more affordable than the A shares.
- yuy910616 7y agothank you.