Pushkaraj Shinde
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- What Is The Buffett Partnership?1 savers
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Buffett served as the general partner, responsible for making investment decisions, while the limited partners provided the capital.
What Is The Buffett Partnership?structured it as a limited partnership
What Is The Buffett Partnership?As Ben Graham said many decades ago: “In the short-term the market is a voting machine; in the long-run it acts as a weighing machine.” Occasionally, the voting decisions of investors – amateurs and professionals alike – border on lunacy.
printmgr fileIn other words, a sound investment can morph into a rash speculation if it is bought at an elevated price. Berkshire is not exempt from this truth.
printmgr fileOur suggestion: Whatever their line, never forget that 2+2 will always equal 4. And when someone tells you how old-fashioned that math is --- zip up your wallet, take a vacation and come back in a few years to buy stocks at cheap prices.
printmgr fileForget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices
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