BRK.A
📉 Buffett admits to past errors, emphasizing the importance of correcting them promptly.
🌟 A single successful decision, like investing in Geico, can have an extraordinary impact over time.
💼 Berkshire maintains a substantial investment in stocks, preferring them over cash equivalents.
⚠️ Fiscal conservatism is a priority to protect shareholders’ investments, even if it seems unnecessary at times.
@Invierteygana:
“Verside has brought in an unusual number of lifetime shareholders and their heirs. We appreciate their presence and believe they are entitled to hear both the good news and the bad news each year, always from their CEO and not through a representative of investor relations or a communications consultant who gives them nothing but optimism and cloying pablum about mistakes. Yes, we make them at Versa. Sometimes I have made mistakes in evaluating the future economy of a company that I have bought for Versa. Each of them is a case of capital allocation gone wrong. This happens both with analyses of listed stocks and with those of companies that we own 100%. During the period from 2019 to 2023, I used the words ‘error’ or ‘mistake’ 16 times in my letters to you. Many other large companies never used either word in that period. I must acknowledge that Amazon made some brutally candid observations in its 2021 letter. In other companies in general, there have been happy conversations and images. I have also been a director of large public companies where ‘error’ or ‘mistake’ were forbidden words in board meetings or in conferences with analysts. That taboo, which implies general perfection, always made me nervous.”
Watch the exact part of the video where @Invierteygana talks about Berkshire Hathaway here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Berkshire Hathaway (BRK.A) at the following link. BRK.A stock.
