When I first read Berkshire Hathaway Shareholder letters, I hadn’t started my investing journey. Now that I have, planning to re-read all.
Going to accumulate notes on the same, by reading one letter each day (~43 letters)
Posting on twt to be accountable
Inflation has been the big story of 2022, driving markets and pushing central banks and policy makers to react. I update my posts from earlier this year on inflation to reflect what we learned this summer about inflation's persistence & unpredictability. https://t.co/ebNEMbdcFP
Just over a year ago, I valued Zomato, the Indian food-delivery company, at ₹41/share, ahead of its IPO, and argued that it was joint bet on Indian growth, Indian eating habits and Zomato's business model. In hindsight, I was both wrong and right. https://t.co/DWz0SQyVTA
Companies that passed Buffett's test of economic excellence twice.
The two tests were:
1. An average ROE of over 20% in the last 10 years.
2. No year worse than 15%.
Apple is World's First $3 Trillion Company
But it is also the smartest INSURANCE company
In 2020, it generated $8.8 Billion by selling insurance
Here's how they did it:🧵🧵