Broker Check
Top Insights from the Berkshire Hathaway Letter 2023

Top Insights from the Berkshire Hathaway Letter 2023

March 04, 2023
Share |

At this time each year, the Berkshire Hathaway letter to shareholders arrives in our inbox.

Here are a few of our top insights from this years’ letter. In other words, points with which we agree or have also experienced in our years of investing. It is this type of sage advice/wisdom that we appreciate as long-term investors.

 

  1. “Charlie and I are not stock-pickers; we are business-pickers. We own publicly-traded stocks based on expectations about their long-term business performance.”

 

  1. “Our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal.” “Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors.”

 

  1. “The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90’s as well.”

 

  1. “We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times.”

 

  1. “The world is full of foolish gamblers, and they will not do as well as the patient investor.”

 On these things, we agree! 

´╗┐Important Note: The views expressed in this post are as of the date of the posting and are subject to change based on market and other conditions. This post contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected.
  • All investing is subject to risk, including possible loss of principal.
  • Bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments.
  • Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.
  • Diversification does not ensure a profit or protect against a loss.
  • Lenity Financial, Inc. rely's on certain reputable third parties and does not guarantee the accuracy of their information.
Please note that nothing in this post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and should not be taken to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs. No advice may be rendered by Lenity Financial, Inc. unless a client service agreement is in place.