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Principles of finance ah la shmoop berkshire hathaway public private

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And who cares So what's the deal with berkshire hathaway

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ok hold your breath for the next minutes so when

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they're talking about financial writing most people would bring up

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a forbes or bloomberg or in the worst case some

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semi unknown blogger who rants about returning to the gold

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standard But the best finance writing in the world is

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in fact found in a much more unexpected place it's

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in the annual report or report to shareholders written by

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legendary investor warren buffett whose brainchild was berkshire hathaway his

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holding company which basically is a joy enormous insurance company

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that also makes investments in things like razors and sugary

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soft drinks and a bunch of other crap So pause

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the video do a few minutes of intense googling Think

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about this guy say a few prayers You definitely want

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to be like him financially Through the power of the

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internet you'll be able to read every single letter that

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he's ever written to his shareholders when the company started

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in its founding in the early seventies to the present

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day You can't claim you know jack squat about finance

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Unless you've read the first ten pages or so of

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each of these reports very few people died last year

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from reading annual reports what's so cool about these letters

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in the context of well this financial course released this

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video is that there are perfect bridge between private and

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public investing That is it doesn't matter if a company

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has one hundred shares outstanding in his private and you

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own ten shares ten you own ten percent of the

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pie If a company is public well the same holds

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true The key difference is that you were generally married

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to the private company in that you can't wake up

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cranky one morning and just get divorced from it by

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selling your shares on schwab or fidelity or wherever where's

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public company we'll just requires quick call to that same

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brokerage robber fidelity and well they'll take your call charge

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you a small commission and while you could be on

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tinder guiltless lee thirty minutes later having sold your shares

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and turned them into cash anyway read on mcd off

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enjoy these moments you only get to read buffet once

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for the first time and it's a treat warren's writing

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is a mash up of the best of tiger woods 00:02:15.53 --> [endTime] golf michael phelps swimming and well warren buffett's investing

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