Warren Buffett's letter to shareholders just published

[Brendan Burgess]

You can find a PDF of Buffett's 2006 letter here

It's reviewed in today's Irish Times. A good quote about the investment fund managers

When someone with experience proposes a deal to someone with money, too often the fellow with the money ends up with the experience and the fellow with the experience ends up with the money

Brendan

 

[whathome]

He has such a nice way of explaining things.

I saw a TV interview with him earlier this week. The interviewer asked him if he was worried by recent volatility in the market. He said:

"Listen, I like to eat steak. I'll go to my local steakhouse and enjoy a prime cut for $12. If tonight, I go to my local steakhouse and the same steak is only $9 rather than $12, I'm ecstatic!"

He's actively buying equities at the moment but would not divulge which companies he is buying, in his letter to shareholders he wrote: "I could, of course, tell you their names, but then I would have to kill you."

 

[Calico]

I think his decision to leave his money to the Gates foundation is a tremendous example to set the world.