Tag: Warren-Buffett

Categories
Fun

Buffett Berkshire Hathaway 2006 Annual Letter

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Here is this year’s letter (in PDF). I read his letters a few years back. Recently I bought his book   (at right side bar, in blue), it’s essentially a collection of his annual shareholder letters. His letters are highly regarded in the investing community.

I hope one day I could go to his annual shareholder meeting in Omaha. It was said he will meet some international shareholders during the meeting, don’t know if I could qualify for the event. May be buying a B Share (BRK-B, about $3500 a piece) will do it? 

Categories
IPO

Hedge Fund Fortress IPO

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This is probablly the hottest IPO this year (so far). It went up 89% on its debut. But I did not jump into it because: 1) I don’t have much cash; 2) Hedge fund is the business I don’t know too much about.

I am not against shorting stocks, trading options and other exotic stuff; but these are the areas I don’t feel comfortable (math, lots of math) and don’t plan to learn it at this time. I am just an old fashioned guy, and my role model is the guy in Omaha. One of his rule is “buy the business you can understand; and the business that generates lots of cash and does not change too much over the years, e.g., Coca Cola and Gillette”.

Interestly, Mr. Duan Yongping, the legendary figure in China electronics industry, is also learning Buffett’s philosophy these days.