- Warren Buffett writes Preface for SEC Handbook (SEC Plain English Handbook – August 19, 2010)
Write with a specific person in mind. When writing Berkshire Hathaway’s annual report, I pretend that I’m talking to my sisters. No siblings to write to? Borrow mine: Just begin with “Dear Doris and Bertie.”
- The Greenback Effect ( The New York Times – August 19, 2009)
In nature, every action has consequences, a phenomenon called the butterfly effect. These consequences, moreover, are not necessarily proportional. For example, doubling the carbon dioxide we belch into the atmosphere may far more than double the subsequent problems for society. Realizing this, the world properly worries about greenhouse emissions.
- Buy American. I Am. (The New York Times – October 17, 2008)
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
- Marking to myth in Crisis Counsel (Fortune – August 17, 2007)
Will the subprime lending meltdown and credit crunch send us into a financial free fall? We asked the sharpest minds in business to share their reactions to the downturn, and their insights on the road ahead.
- Warren Buffett Responds to Shai Dardashti’s Question (Shai Dardashti – April 20, 2007)
Former value investing blogger turned private capital manager, Shai Dardashti asked Warren Buffett a very interesting question in a hand delivered letter this past January. Amazingly, Shai received an answer to his great question this week.
- Warren Buffett’s Memo to All Stars (BRK – September 29, 2006)
A memo written by Warren Buffett to the top 44 Berkshire Hathaway managers “The All-Stars.”
- Cut your gains! by Warren Buffett (Fortune – March 6, 2006)
In his 2006 letter to Berkshire Hathaway shareholders, Warren Buffett explains how costly it can be to let advisors come between you and your money.
- Fuzzy Math And Stock Options (Washington Post – July 6, 2004)
Until now the record for mathematical lunacy by a legislative body has been held by the Indiana House of Representatives, which in 1897 decreed by a vote of 67 to 0 that pi.
- America’s growing Trade Deficit (html) (pdf) (Fortune – November 10, 2003)
America’s Growing Trade Deficit is selling the Nation out from under us. Here’s Way to fix the problem—and we need to do it now.
- Dividend Voodoo (Washington Post – May 20, 2003)
The annual Forbes 400 lists prove that — with occasional blips — the rich do indeed get richer. Nonetheless, the Senate voted last week to supply major aid to the rich in their pursuit of even greater wealth.
- Warren Buffett: What Worries Me (Fortune – March 3, 2003)
Derivatives are financial weapons of mass destruction. The dangers are now latent–but they could be lethal.
- Buffett on Investing in Stocks Today (Fortune – March 3, 2003)
‘Unfortunately, the hangover from [the market bubble] may prove to be proportional to the binge’
- Berkshire Hathaway and Junk Bonds (Fortune – March 3, 2003)
The company has been making ‘sensible investments’ in a few junk bonds and loans.
- Who Really Cooks the Books? (NYT – July 24, 2002)
There is a crisis of confidence today about corporate earnings reports and the credibility of chief executives. And it’s justified.
- Stock Options and Common Sense (Washington Post – April 9, 2002)
In 1994 seven slim accounting experts, all intelligent and experienced, unanimously decided that stock options granted to a company’s employees were a corporate expense. Six fat CPAs, with similar credentials, unanimously declared these grants were no such thing. Can it really be that girth, rather than intellect, determines one’s accounting principles? Yes indeed, in this case. Obesity — of a monetary sort — almost certainly explained the split vote.
- Warren Buffett on The Stock Market (Fortune link) (Fortune – December 10, 2001)
What’s in the future for investors–another roaring bull market or more upset stomach? Amazingly, the answer maycome down to three simple factors. Here, the world’s most celebrated investor talks about what really makes themarket tick–and whether that ticking should make you nervous.
- Warren Buffett’s Memo to All Stars (BRK – September 26, 2001)
A memo written by Warren Buffett to the top Berkshire Hathaway managers “The All-Stars.”
- Warren Buffett on The Stock Market (scanned) (Fortune link) (Fortune – November 22, 1999)
Warren Buffett, chairman of Berkshire Hathaway, almost never talks publicly about the general level of stock market–neither in his famed annual report nor at Berkshire’s thronged annual meetings nor in the rare speeches he gives. But in the past few months on four occasions, Buffett did step up to that subject, laying out his opinions, in ways both analytical and creative, about the long-term future of the stocks.Analysis at TMF is available here.
- An FDIC for Insurers by Warren Buffett (Washington Post – November 19, 2001)
“I’m in the insurance business — an expensive place to be in the past couple of months. It was made costly for Berkshire Hathaway, the company I run, because I did something very dumb: allowed Berkshire to provide insurance coverage for a huge catastrophe loss without its getting a premium for doing so. The risk we unthinkingly assumed was a loss from terrorism.”
- The Superinvestors of Graham-and-Doddsville (html) (1984)
This article is an edited transcript of a talk given by Warren Buffett at Columbia University in 1984 commemorating the fiftieth anniversary of Security Analysis, written by Benjamin Graham and David L. Dodd. The original article scanned from Hermes 1984 edition, Magazine of Columbia Business School is available here.
A follow-up on “The Superinvestors” essay was given by V. Eugene Shahan called “Are Short-Term Performance and Value Investing Mutually Exclusive?” in Spring 1986 issue of Hermes. The original article is currently not available but a reference is available here & here.
- “You pay a very high price in the stock market for a cheery consensus” ( Forbes – August 6, 1979)
What does Warren Buffett think now? In this article written for FORBES, he puts it bluntly, Now is the time to buy.
- What You Should Know About the Jewelry Business (Borsheims – date unknown)
You don’t need to understand the economics of a generating plant in order to intelligently buy electricity. If your neighbor is an expert on that subject and you are a neophyte, your electric rates will be identical.
- How Inflation Swindles the Equity Investor (Fortune – May 1977)