Warren Buffett Gets It Wrong

Warren Buffett Gets It Wrong

Warren Buffett is well-known for his investment acumen, and he often makes public statements in favor of capitalism. But his loyalty to the fiat monetary system undermines everything else that he claims to represent.

Warren Buffett: Why Concentration Beats Diversification | The Acquirer's Multiple®

In his 1993 Berkshire Hathaway Annual Letter, Warren Buffett explained how he and Charlie Munger figured out early that trying to make dozens of brilliant investment decisions is a losing battle. As Buffett puts it, “Charlie and I decided long ago that in an investment lifetime, it’s just too hard to make hundreds of smart decisions.” Instead of scrambling to stay ahead of the market, they focused on waiting for the rare opportunities where they…

Warren Buffett usually includes in his annual letters to shareholders some of the worst business decisions of his career. For example, in the 2014 letter he called his...

Warren Buffett Gets it Wrong

by Artis Shepherd Mises.org Berkshire Hathaway—the investment holding company run by Warren Buffett for the last sixty years—released its much-awaited annual report in late February. In the report, Buffett himself delved into the topic of capitalism and America’s relationship thereto. Early in the preamble to the report, Buffett hints at the connection between inflation and government malfeasance: Paper money can see its value evaporate if fisca…