Last weekend was the Berkshire Hathaway circus annual meeting. I spent most of that time reading through the notes and watching the media interviews from different sites (links are below). I won’t highlight anything specific, you can dig into it if you want. I will make two observations – on the enormity of Berkshire and learning from Buffett.
First, Berkshire is huge. It’s a ridiculous number of companies now (I don’t have the exact number, Google says more than 80?). The companies stretch into so many areas of the economy that Buffett knows how well the economy is doing, and can see major business/industry changes, before the Fed and anyone else. The information he gets from daily business updates gives him a huge advantage when buying new companies/stocks. Continue Reading…
Remember back to when you were in school. Mixed within the classes, lunch, and recess were regularly scheduled safety drills. There were fire drills, tornado drills, and for the Cold War kids, nuclear bomb drills (duck and cover).
What happens if you only invest in the U.S. stock market and it goes no where over a longer period of time, say a lost decade? Your