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👑 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.