Being a shareholder of Berkshire Hathaway, I had an opportunity to attend the shareholder’s meeting for the second time. I boarded the flight from San Francisco on Friday May 2nd. It was not a direct flight and I had to stop over in Dallas/Fort Worth. During the flight journey I started reading the book How Children Succeed.…
I am a shareholder of Berkshire and I wrote about my understanding of its business here. Few hours back Buffett published his 49th shareholder’s letter. As usual it is a treat and I throughly enjoyed reading it. Some of the highlights from the letter. 1. Business Insurance float grew by 5.63% from $73.12 billion to $77.24 billion. The underwriting…
One of the four filters which Buffett and Munger applies before investing in any company is – able and trustworthy management. The key person in the management is the CEO. He needs to do two things well to be successful (1) Run the business operations efficiently (2) Deploy the cash generated by those operations. In…
In the 1980’s my parents used Inland Letter to communicate with families and friends in India. It took few days for the letter to reach the destination. For sending urgent messages, telegrams were used which reached the destination in few hours. In early 1990’s we got a telephone connection (landline) in our house. With in seconds…
In 2006, I got interested in investing. I read a lot about Warren Buffett and his investment style. I wanted to become a shareholder of Berkshire Hathaway and attend the shareholders meeting. Finally in Jan 2012, I purchased the class B shares. In 2013, got an invitation to attend the shareholders meeting and I was…
Seeking Wisdom 