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The Evolution of Warren Buffett’s Investment Philosophy

September 14, 2013 | About:

Comments

JonesC
JonesC - 10 months ago
Excellent article.
Cornelius Chan
Cornelius Chan - 10 months ago
Good work laying out the big strokes of his thinking in the letters. Especially with a view toward how he evolved from Graham-ism to Munger-ism.

"In the 1996 letter Buffett says that if you aren't willing to own a stock for ten years then don't even think about owning it for ten minutes. This doesn't reconcile with Graham's cigar butt approach where he would sell stocks shortly after a hiccup in which they became fully valued."

You make a good point here highlighting the distinctive difference between Buffett's "new way" and the "old way" of Graham.

Thanks for the presentation. Kind of like spoon-feeding Buffett's letters to those of us too lazy to read them for ourselves... LOL! (I've read a few not all)
Eric Sprague
Eric Sprague - 10 months ago
C.W.R. and JonesC,

Thanks for the comments!

Cheers,

Eric
bbsannidhi
Bbsannidhi premium member - 10 months ago
Excellent article. I have been following Mr.Buffett more than a decade, I couldn't agree more about this article.

thanks,

babu s.
Eric Sprague
Eric Sprague - 10 months ago
Thanks for the comment, babu s.
beowulfnetwork
Beowulfnetwork - 10 months ago
Great article! Thank you. It helps explain the "85% Graham and 15% Fisher" quote.

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