👑 Free course: What I learned from the Berkshire Weekend

Golden wisdom from the Oracle of Omaha

The Berkshire Hathaway weekend was truly fantastic.

It was great to see Warren and Charlie in person.

We also met other famous investors like Guy Spier, William Green, Lawrence Cunningham, Thomas Russo, Tom Gayner, Mohnish Pabrai and many more.

We’ve mapped everything we’ve learned in a free course for you.

Key takeaways Berkshire Hathaway meeting

Here are the key takeaways from the Annual Shareholder Meeting of Berkshire Hathaway:

• Capital allocation is the most important task of management

• Try to stay as rational as possible when making investment decisions

• Bear markets and stock market crashes offer opportunities

• Skin in the game matters. Invest in stocks which are managed by highly capable and integer people

• It’s good to learn from your own mistakes. It’s even better to learn from other people’s mistakes

• The best opportunities arise when other people are doing dumb things

• The best investors focus on the long term all the time

• If you want to find the solution to a complex problem, just reverse engineer

• Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it’s absent

• Buy wonderful business at a fair price

• In investing, you should try to find a reason to say ‘no’ as fast as possible

• Always stay within your circle of competence and stay humble

• The most important thing in investing is to avoid mistakes

• Never make economic forecasts or try to predict the market

• The best investment is always one in yourself

• Invest at least 10% of your income every month and you’ll become very wealthy

• Buy stocks that you want to own forever

• Interest rates are as gravity on earth. Higher interest rates hurt stock price valuations and vice versa

• If you’ve found a great business, the best time to sell is almost never

Download the free Berkshire course

The bullet points above only cover the key takeaways of the Berkshire Weekend.

If you want to learn more, you can download this 13-page free course which covers everything you need to know:

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About the author

Compounding Quality is a professional investor which manages a worldwide equity fund with more than $150 million in Assets Under Management. We have read over 500 investment books and spend more than 50 hours per week researching stocks.