Last Saturday was a great day for value investors and perpetual learner who try to learn and read as much as they can about Warren Buffett and Charlie Munger. With 85 and 92, respectively, they talked and reply answers during more than 7 hours. Bravo.
I wanna to share here a few interesting links about the event.
Annual Shareholder, great Yahoo! Finance live coverage. Here the show:
16-minute Yahoo! Finance video with Charlie Munger:
Warren playing ping pong
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– Did you make a mistake?
– Have the fundamentals deteriorated?
– Has the stock risen too far above its intrinsic value?
– Is there something better you can do with the money?
– Do you have too much money in one stock?
Pat Dorsey – Five Rules for Successful Stock Investing.
Walter Schloss was, together with Warren Buffett, Benjamin Graham’s students at Columbia University. Sometimes forgotten value investor with an amazing performance (see tables below). Today I discover a Walter Schloss called “Factors needed to make money in the stock markets” that he wrote in 1994, I believe these are his principles for make money. Must read for all who want to invest money.
We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
Warren Buffett – 1992 Letter.