Comment | Lessons for investors from Warren Buffett’s letter to shareholders
At the end of December 2018, Buffett had $112 billion in Treasury bills and other cash equivalents to buy many attractive businesses
February 25, 2019 / 09:13 AM IST
Warren Buffett’s annual missive to the shareholders of Berkshire Hathaway attained cult status long ago. Investors wait eagerly for the gems of wisdom from the pen of the investing guru. This year though, the annual jamboree is clouded somewhat by the souring of the 88-year old sage’s bet on packaged food company Kraft-Heinz, which recently posted a massive loss due to the write-down of some of its best brands and the disclosure that the US securities watchdog...