Been reading quite abit on Warren Buffett's letter to Berkshire's Shareholders. This is a man that does not fear admit that he is also fallible like any other human. He admits the mistakes that he had made and also made provisions for his eventual departure from this world.
I think in real terms, the kind of tacit knowledge that Warren has in his brain will be difficult to replicate, although Charles Munger may be a ideal replacement for him, and that the transfer of knowledge had taken place for many years. Charles himself is also of advanced age, so I wonder how his three nominated successors are going to be able to carry on the traditions of the his style of value investing.
Great read for anyone... can learn by just reading what he writes in his letters the philosophy and investment style. BTW, managed to purchase "The Intelligent Investor" by Benjamin Graham at a value price $10 only yesterday... Thanks to Roddy's tip.
Monday, April 7, 2008
Subscribe to:
Posts (Atom)