The billionaire, in his annual letter to Berkshire Hathaway shareholders, addresses his prediction that the U.S. housing market would be in recovery by now. He also mentions the company has a successor in mind to replace him eventually.Billionaire investor Warren Buffett said Saturday that he was "dead wrong" with a prediction that the U.S.
AP - Billionaire investor Warren Buffett said Saturday that he was "dead wrong" with a prediction that the U.S. housing market would begin to recover by now, but he remains optimistic about the nation's economy.
Billionaire investor Warren Buffett admits he was "dead wrong" with his prediction that the U.S. housing market would begin to recover by now, but he remains optimistic about the nation's economy.In ...
With the auto loan securitization machine humming right along (pace of new issuance is up 30% compared to this time last year at nearly $24 billion YTD) and with the attendant $1 trillion pile of auto loan debt growing by the day as lenders scramble to turn ineligible borrowers into eligible borrowers by extending loan terms and ignoring small details like whether or not the buyer is employed, just about everyone is looking to get a piece of the pie including Warren Buffett’s Berkshire Hathaway.
Warren Buffett is the universally believed to be the best investor of all time. Aside from the investor’s value-oriented approach and incredible discipline, his returns speak for themselves: 22% compound annual returns since 1965 compared to the S&P 500 of 10%, including dividends, over the same period. But how much of that is a result of circumstance versus skill?
So, Warren Buffett’s letter is out and so is the usual fawning praise from his worshippers. You’re supposed to drop everything and pore over the old man’s words. I’ve read in at least three different places how great an education you get by reading his letters. It’s become a cliché.
You may get that education, but you also get a lesson in how to be a world-class hypocrite.
Here he is in his letter, with a deaf ear for irony.: