March 14, 2014

By Derek On March 13, 2014 Under Uncategorized

“Be careful to leave your sons well instructed rather than rich, for the hopes of the instructed are better than the wealth of the ignorant.”  – Epictetus


Spring is almost here and the cherry blossoms in Washington State are just beginning to make their graceful presence known. Aside from hangover memories of hanami in Japan many years ago, I am reminded it is also time for Warren Buffett’s annual Letter to Shareholders which always makes fine and instructive reading. The world’s pre-eminent investor, Buffett has been at the helm of Berkshire (BRK/A US) since 1965 and his shareholders have enjoyed average annual compounded increases in book value of 19.7%. Book value is Buffett’s preferred measurement of results for his holding company that sells everything “from lollipops to jet airplanes.


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