We’ve reached the point in the year when business news transitions to the Warren Buffett reality show. Saturday morning Berkshire Hathaway will release its annual letter. Only this year is the 50th anniversary. So the Buffett watch started a little early with a bit more speculation on what the letter would say.
Most of the business world wants to know about the future – his successor or what company he plans to buy next. I expect he’ll talk about the past, like every other year. And like years past, there’s a good chance you’ll learn something if you read it.
Here’s what you can expect – a twofer. Both Buffett and Munger will contribute an annual letter. I’m betting an anniversary edition warrants a review of their failures over the past few decades. Both have stressed the importance of reviewing mistakes. Now seems like as good of a time as any for some humility.
I plan on reading the letter at some point this weekend (probably with a review to follow). If you don’t want to wait, you can find it at the Berkshire Hathaway site Saturday morning.
- The Time Everyone “Corrected” the World’s Smartest Woman – Priceonomics
- Slot-Machine Science: How Casinos Get You to Spend More Money – Vox
- False Hope: Most Trading Strategies are Not Tested Rigorously Enough – The Economist
- The Aging of the Tech Sector: The Pricing Divergence of Young and Old Tech Companies – Musings on Markets
- Keep It Simple – Dividend Mantra
- The Blind Forecaster – M. Housel
- 10 Things to Know About Negative Bond Yields – Bloomberg
- Rediscovering Small Cap Premiums – L. Swedroe
- Tax Priorities for Investors at Every Life Stage (Video) – Morningstar
- An Interview with The Outsiders’ William Thorndike – Motley Fool