On Saturday the 1st March 2014, the well-known Wizard of Omaha, Warren Buffett’s released his Annual Letter to his Berkshire-Hathaway Shareholders. As usual, the letter is jam-packed with good contents and advice, and never lacking in humour. 381 more words
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Rule One: Never lose money
Rule Two: Never forget rule one
First Off, What Is the Kelly Criterion?
It’s a formula Bell Labs scientist John Kelly devised in the 1950s for maximizing the long-term growth rate of capital. 1,980 more words
Canada’s insistence that tomato juice be extracted from “sound, ripe, whole” tomatoes instead of paste — a higher standard than in the U.S. — has partially saved an H.J. 699 more words
The ongoing trouble in Ukraine has been a daily worry in the stock market news. But Warren Buffett says it’s not impacting his approach. Asked if talk of potential world war or a new Cold War impacts his investing, Buffett said in a CNBC interview that even if those things did happen, he’d still be buying stocks. 94 more words