The year is 1950. It’s Christmas. Buffett is 20 years old and Barron’s publishes a letter from a “Mr. Warren Buffett, of Omaha” (I’m assuming it’s the “Mr. Warren Buffett, of Omaha” being quoted here since this was pre-Oracle of Omaha days. There’s always a slim chance another one existed, which I’ll take).
In a prior issue, Barron’s asked readers to comment on how they used the new Market Laboratory section of the paper. Fifteen people responded including Buffett. The excerpt of his letter is below (you can find the complete article at the end of the post). Continue Reading…
