BERKSHIRE HATHAWAY INC.SHAREHOLDER LETTERS

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#5
I think this statement is loaded and amazing:

" In the past 50 years, we have only once realized an investment loss that at the time of sale cost us 2% of our net worth. Twice, we experienced 1% losses. All three of these losses occurred in the 1974-1975 period, when we sold stocks that were very cheap in order to buy others we believed to be even cheaper."
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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RE: BERKSHIRE HATHAWAY INC.SHAREHOLDER LETTERS - by specuvestor - 02-03-2015, 07:56 AM

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