13 thoughts to “Bill Gates Talks About Warren Buffett’s Annual Letter”

  1. I wonder why experience is such a positive attribute in business, yet
    considered a negative in politics? Term limits in business would seem to go
    contrary to sucess, if Mr Buffet’s letter is accurate. ?

  2. Short, interesting, and to the point video. Love it Mr. Gates!?

  3. Benjamin Graham was a scholar and financial analyst who mentored legendary
    investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter
    J. Schloss.

    Warren Buffett describes Graham’s book – The Intelligent Investor – as “by
    far the best book about investing ever written” (in its preface, which
    Buffett wrote).

    Buffett also writes in the preface:
    “To invest successfully over a lifetime does not require a stratospheric
    IQ, unusual business insights, or inside information. What’s needed is a
    sound intellectual framework for making decisions and the ability to keep
    emotions from corroding that framework. This book precisely and clearly
    prescribes the proper framework. You must supply the emotional discipline.”

    Buffett also explains – in the “Legacy of Benjamin Graham” video – how
    Graham was completely focussed on refining methods that ordinary investors
    could apply to achieve results similar to his own (Grahams’s).

    Graham’s first recommended strategy – for casual investors – was to invest
    in Index stocks.
    For more serious investors, Graham recommended three different categories
    of stocks – Defensive, Enterprising and NCAV – with 17 precise qualitative
    and quantitative criteria for finding them.
    For advanced investors, Graham described various “special situations”.

    Benjamin Graham is rightly considered the father of value investing. But
    the term “Value” is often misunderstood to refer to only quantity, and not
    quality. Most of Graham’s actual stock selection rules were concerned with
    the qualitative assessment of a stock.

    Warren Buffett once wrote a lengthy article explaining how Graham’s
    principles are everlasting, and how Graham’s record of creating exceptional
    investors (such as Buffett himself) is unquestionable. The article is
    called “The Superinvestors of Graham-and-Doddsville”.

    Buffett concluded “The Superinvestors of Graham-and-Doddsville” writing:
    “Ships will sail around the world but the Flat Earth Society will flourish.
    There will continue to be wide discrepancies between price and value in the
    marketplace, and those who read their Graham & Dodd will continue to

    Serenity Stocks allows you to assess 5000+ NYSE and NASDAQ stocks against
    Benjamin Graham’s 17 rules. For free.?

  4. Bill Gates é o cara mais foda que já vi, sou do Brasil, e espero talvez um
    dia trabalhar com ele na microsoft.?

  5. His honesty goes to the point of giving an investor a hint about when the
    BRK stock must be overvalued, so people avoid paying too much for it, I was

  6. Warren Buffett + Bill Gates: what chemical!

    From “gatesnotes.com”

    Warren Buffett’s new annual letter to Berkshire Hathaway’s shareholders
    hasn’t received nearly as much attention as it deserves. I wonder if that’s
    because financial journalists feel like they just can’t write another story
    about how wise Warren is. Fortunately, I don’t have any such limitation.

    I highly recommend reading at least the 50-year history, “Berkshire – Past,
    Present and Future.” It is fascinating even if you never read annual
    reports and know nothing about the company:


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