The old Buffett letters are the best. His recent letters have mellowed in a way to be more suitable for a broader shareholder base.
Of course, that’s not a bad thing. Buffett understands his audience well enough to recognize the need to shift. But for the diehards hoping for a glimpse of the old letters in the new ones, we might be out of luck.
If you’ve been living under a rock, his latest letter — the 2018 version — was released last Saturday to the usual fanfare and excitement. As is tradition, I put off reading it until Monday morning and did my best to ignored the Twitter hot-takes till then.
If you’re forced to only read one section, the section on “The American Tailwind” is it. Read it. It’s worth it.
As far as letters go, lessons were sparse. So to mix things up this year, I added some hot-takes from the CNBC interview Buffett does every Monday following a letter release.
Let’s get to it: Continue Reading…