Three Investment Tips from Warren Buffett
We all know who Warren Buffett is and what he has achieved as a phenomenal investor. More than that, however, he is also a good story-teller and an effective teacher. For fifty years, he has essentially painted his company, Berkshire Hathaway, to become a gigantic mural showcasing the numerous investment styles and management strategies he has implemented. Every year, Buffett writes to Berkshire Hathaway shareholders in his capacity as chairman and chief executive, continually strengthening his reputation as a leading investor. Let us consider three valuable tips contained in his latest letter: 1. Fees can do you in Less than a decade ago, Buffett wagered that passive index fund would surpass several hedge funds. He is way ahead by a wide margin on that bet, even as early as a couple of years ago, that the bet was effectively settled before the ten-year deadline. Buffett explains it this way in his letter: "Although most managers at both levels were honest and sm...