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The Buffett letters, and returns, get worse each year. To reiterate my comments on earlier ones, it's amazing that in this era of financial chaos, Buffett seems
by gwern 4y ago
The Buffett letters, and returns, get worse each year. To reiterate my comments on earlier ones, it's amazing that in this era of financial chaos, Buffett seems to be so uninvolved and get so little use out of his vaunted warchest & credit... There's nothing new here if you've read 2 or 3 of the previous ones, and it's astonishing how navel-gazing and hermetic it is: this could have been written in 2015 or 2010 or 2005, there's basically no way to tell other than from a few marquee names. Bring to mind everything that has happened in the past 2 or 3 years which is relevant to finance and politics and investing, which is a lot, and see how much of it you can find even the slightest allusion to in here.
- nodesocket 4y agoI agree, as of late I think I have come to realize Warren is extremely cold and calculated and holds his cards close to his chest. I went to the shareholder meeting in omaha in 2017 and felt even then he was much more open in the years prior letters. You'd think he would have touched on inflation, the everything-bubble that was 2021 fueled by out of control government spending. What's the future of unemployment in America? Technology, more color on Apple their largest stock holding (41%[1] of their total portfolio)? [1] https://www.cnbc.com/berkshire-hathaway-portfolio/ https://www.cnbc.com/berkshire-hathaway-portfolio/
- tim333 4y agoI'd say he is one of the least cold people I can think of but he is 92 and slowing down a bit in terms of explaining the latest trends.