Buffett's Letter to Shareholders
Hot Questions for Buffett's Letter to Shareholders (100)
Why did Warren Buffett say, 'Accounting is the language of business'?Why Does Warren Buffett Say "Accounting is the Language of Business"?
Warren Buffett has repeatedly emphasized in his shareholder letters that "accounting is the language of business" because accounti...
What Does Buffett's Loss on IBM Investment Indicate? Was It a Failure in Judging His Circle of Competence?
Buffett's investment in IBM indeed ended in a loss (purchased in 2011, sold in 2017, with a l...
Why Does Buffett Oppose Splitting Berkshire Hathaway?
As Chairman of Berkshire Hathaway, Warren Buffett has clearly expressed his opposition to stock splits in multiple shareholder letters.
Warren Buffett's Stance on Complex Financial Derivatives
Warren Buffett maintains a highly cautious and critical stance toward complex financial derivatives.
The Essential Difference Between Warren Buffett's "Owner Earnings" and EBITDA
Warren Buffett emphasizes "Owner Earnings" as a metric for evaluating a company's true profitability in value investing, w...
What Buffett Most Wants to Convey: A Life Philosophy
After reading all of Buffett’s shareholder letters, I believe what he most wants to impart to the world is not merely an investment formula, but a ...
Was Saving Salomon Brothers the Most Perilous Moment in Buffett's Life?
Yes, the rescue of Salomon Brothers is widely regarded as one of the most perilous moments in Warren Buffett's life.
How Does Warren Buffett Handle Regret Over Missed Investment Opportunities (Such as Google)?
Warren Buffett, a leading figure in value investing, has frequently discussed the regret stemming from miss...
The Most Important Lesson Buffett Learned from His Biggest Mistake
In his annual letters to shareholders, Buffett candidly acknowledged numerous investment errors, with the acquisition of Dexter Shoes...
What is the core of Berkshire Hathaway's corporate culture?
The core of Berkshire Hathaway's corporate culture can be summarized as "trust, autonomy, long-termism, and frugality.
Warren Buffett's Views on the Threat of "Technological Change" to Traditional Industry Moats
Buffett has repeatedly expressed caution toward technological change in his shareholder letters, believing ...
Answer to the Question
Priority Financial Statement
When analyzing a company, Warren Buffett prioritizes reviewing the balance sheet.
Reasoning
Buffett’s Investment Philosophy: According to his share...
How to Identify Signs of Fraud or Manipulation in Financial Statements?
Financial statement fraud often lurks behind the numbers. Warren Buffett has repeatedly emphasized in his shareholder letters th...
Warren Buffett's View on Leverage (Debt)
Warren Buffett has consistently maintained a cautious, even oppositional stance toward using leverage.
# To What Extent Was Buffett's Success Attributed to the "Golden Age" of Rapid U.S. Economic Growth?
Buffett's investment career spans multiple economic cycles.
Is Buffett's "Mr. Market" Analogy Still Relevant in the Age of Algorithmic and AI-Driven Trading?
1. The Core Meaning of the "Mr. Market" Analogy
In his shareholder letters, Buffett likened the stock ...
How to Apply Buffett's Investment Principles to Today's SaaS Companies? What Are Their "Moats"?
Overview of Buffett's Investment Principles
As a representative of value investing, Warren Buffett's pri...
Why Did Buffett Admit Berkshire's Textile Business Was a Failed Investment, Yet Persist for So Long Before Closing It?
Berkshire Hathaway was originally a textile company.
Why Did Buffett Sell All His Airline Stocks? Does This Violate His "Long-Term Holding" Investment Principle?
Reasons for Selling Airline Stocks
At the 2020 Berkshire Hathaway shareholders' meeting, Wa...
Answer
Investing in American Express during the "salad oil scandal" perfectly illustrates Warren Buffett's investment principle: "Be fearful when others are greedy and greedy when others are fearful.