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We are just on the way to Omaha, as this post on Warren Buffett’s mistakes and the AGM of Berkshire Hathaway goes public. There we are doing more than taking part in the Berkshire Hathaway Annual General Meeting 2019: We are also reporting about the universe of Berkshire Hathaway, meeting different friends from the Value Investing scene and visiting several events. You can follow our activities on twitter and YouTube. Subscribe and follow us to stay up to date :).
What were Warren Buffett’s mistakes?
In Omaha we are accompanied by Dr. Gisela Baur. That she joins us makes us extremely happy, because Gisela Baur is a close friend of Warren Buffett since the end of the 1990s. She followed the work of the super investor from Omaha closely and recently published a German biography called “Warren Buffett – Der Jahrhundertkapitalist”.
Last November we had the pleasure to interview her in Munich. There we also talked about Warren Buffett’s mistakes. You can find the interview, that is part of our campaign to #learnfrominvestmentmistakes, here:
Yefei Lu helps you to understand the investment philosophy of Buffett and Munger
But Warren Buffett would not be Warren Buffett, if his investment career would be about mistakes. He and his partner Charlie Munger are a very successful investors. Both have rarely allowed others investigate “their secret recipes” when investing. That’s why it’s even more gratifying that Yefei Lu has worked out in his book “Inside the Investments of Warren Buffett: Twenty Cases” step by step and in meticulous detail how Warren Buffet and Charlie Munger invest using 20 examples.
If you want to find out how individual investment decisions were made and, for example, how the purchase of American Express, See’s Candies, Coca-Cola, IBM or the Nebraska Furniture Mart came about, then this book is worth reading.
The universe of Warren Buffett and Charlie Munger
On the one hand Berkshire Hathaway consists of many listed companies. Well-known names such as Apple, Kraft Heinz and Coca-Cola are among them. Warren Buffett and Charlie Munger also own several non-listed companies. In this overview – created by the Visual Capitalist – you will find the whole Berkshire Hathaway universe:
dataroma also offers you an always up-to-date and clear representation of the listed portfolio. There you can also see how the portfolio has developed in recent years and, for instance, which companies have been added and sold. This overview also shows the handwriting of Ted Weschler and Todd Combs in some the smaller positions. Both manage several billion for Berkshire Hathaway themselves.
You don’t want to wait for the Berkshire Hathaway Annual General Meeting 2019?
If you don’t want to wait for the Annual General Meeting 2019, you can already find records of all Annual General Meetings since 1994 in this playlist: