Showing posts from April, 2022

Blog Anniversary and Berkshire Meeting

Today is a very special day – I’m not only celebrating 1 year since I started the blog, I’m also celebrating attending my very first Berkshire Hathaway Annual Meeting for Shareholders in Omaha, Nebraska. Berkshire Hathaway is Warren Buffett’s company and today was the first in-person meeting since 2019.  The first blog post was published on April 30th 2021 and I want to share my deepest appreciation for you dear readers for an amazing year here on the blog and for all the encouragement I get from you – I truly appreciate that you’re reading along and remember that you can always request value investing topics you’d like to know more about. Mohnish Pabrai Today I'd like to share my experience at the annual meeting with you. It will be a different post than usual so if you are particularly interested in investing topics scroll down to the headline: Investing Learnings. For those of you who’re curious about my time at the annual meeting, continue to read and I’ll share some highlights

How Do You Attend Warren Buffett’s Annual Meeting?

The Berkshire Hathaway Annual Meeting for Shareholders 2022 is only a few weeks away and as soon as Charlie Munger indicated that it would be an in-person event it was as if the value investing community woke up from two years of Aurora sleep. Everybody started making plans for the event. I'm going this year and very exited to meet Value Investor friends in-person and particularly excited about being invited to Guy Spier's dinner. The meeting is called the “Woodstock for Capitalists” and is a weekend focused on Warren Buffett and Charlie Munger wisdom. Since the 1960’s Warren Buffett has held a meeting – first for his partners in his own living room in Omaha, and later when he formed the publicly traded conglomerate “Berkshire Hathaway”: For all the company’s shareholders. Besides Warren Buffett, his business partner Charlie Munger is also present at the meeting and in recent years also Ajit Jain and Greg Abel – two of the prominent executives at Berkshire Hathaway (who are lik

Warren Buffett Recommends these Books Right Now

Every year Warren Buffett recommends books that are packed with investing wisdom and are valuable for investors, who follow the value investing school of thought. The booklist is published in relation to the Berkshire Hathaway Annual Meeting for Shareholders (Berkshire is Warren Buffett’s company) and he and his business partner, Charlie Munger, has been recommending books for many years. Investors flock to the booth of local bookstore "The Bookworm" at the meeting venue to buy copies from this list. Only books approved by Berkshire Hathaway are sold at the annual meeting. The 2022 list just got revealed since the annual meeting is coming up on April 30th. I’m particularly excited to see my value investor friend Adam Mead’s book on the list – a big congratulations from me on this incredible milestone and I’m looking forward to getting a signed copy of the book. Here's the list of books that Buffett recommends in 2022 - click the links to read the descriptions on Amazon: T

What Should You Invest in During Inflation Times?

This article is about how inflation is eating your money and why investing is key right now. Plus, about investing in "inflation-proof" businesses. Let’s start with understanding inflation. Phil Town, value investor guru and mentor, talked about inflation in his webinar this week. At the current 8% inflation rate the buying power of your money are cut in half within 9 years, he said. If you have $50.000 now and the inflation rate will stay at its current level, your money will be worth 25.000 in buying power in 9 years. The average inflation rate through the past 20 years is 3%.  Understanding how to invest like Warren Buffett is critical right now because you must get an annual rate of return of at least 8% per year to not have your money eaten up by inflation. And the companies you invest in must grow at more than 8 percent per year.  “Inflation acts as a gigantic corporate tapeworm […] Under present conditions, a business earning 8% or 10% on equity often has no leftovers