Anodyne
Saturday, May 05, 2007
 
Via Morningstar, live from Omaha, NE: Warren and Charlie on deck, answering 6+ hours of questions at the Berkshire Hathaway Annual General Meeting.

"A shareholder asked Mr. Buffett and Mr. Munger how to become a better investor, and their advice was timeless. First, Mr. Buffett said to read everything that you can get your hands on to help fill your mind with competing ideas and viewpoints. He went on to say -- and this is important -- think about what makes sense over time. What I think he is getting at here is that investing is a process of continuous learning, and then having the discipline to think rationally when analyzing an investment. Mr. Buffett also suggested that, when contemplating a stock purchase, investors should consider if or why they would purchase the whole business, not just the stock, as this will give them a better understanding of the opportunities and the risks of a particular investment."
- posted by cjb @ 6:35 PM


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