Buffett: I like businesses that I can understand. Let’s start with that. That narrows it down by 90%. There are all types of things I don’t understand, but fortunately, there is enough I do understand. You have this big wide world out there and almost every company is publicly owned. So you have all American […]
Category: Articles & Speeches
Mr. Buffett on the Stock Market
November 22, 1999 (Please note that the FRED charts are added to this blog.) Investors in stocks today are expecting way too much, and I’m going to describe why. That will necessarily establish me to talking about the general stock market, a topic I’m not responsive to discuss. However, I need to make one thing […]
How inflation swindles the equity investor
Buffett: How inflation swindles the equity investor (Fortune Classics, 1977) By Warren E. Buffett FORTUNE – It is no longer a secret that stocks, like bonds, do poorly in an inflationary environment. We have been in such an environment for most of the past decade, and it has indeed been a time of troubles for stocks. […]