Live Breaking News & Updates on Warren Buffett Advice
Stay updated with breaking news from Warren buffett advice. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NEW DELHI: The much awaited Warren Buffett’s annual letter to Berkshire Hathaway shareholders finally arrived on Saturday, giving a glimpse into the year gone by struggles, achievement and missed opportunities. Buffett reiterated his trust in America to create miracles day in and day out, despite reeling under a mismanaged pandemic. He recounted the power of repurchases in creating wealth and also outlined why high capex businesses will eventually pay rewards, though that may take some time. Here are 10 key takeaways from Warren Buffet s letter: 1) A big mistake: Buffett accepted that his purchase of aircraft component maker Precision Castparts in 2016 was a “big” mistake. Berkshire Hathaway wrote off $10 billion of the investment. Buffett accepted that he miscalculated its future earnings and paid more than its worth. ....