The 1960 letter has two main parts. The first is operational and the other is about a major investment. The operational bit isn't to be missed though. Over the four years starting in 1957, the investment partnerships returned a compounded 140.6%. By comparison, the Dow Jones Industrial Average returned 42.6%. As is the case till date, Buffett does not gloat. He points out that four years is too short a time to come to any conclusions. His only takeaway is that, as expected, performance seems to be
Buffett Partnership Letters - 1960
Buffett Partnership Letters - 1960
Buffett Partnership Letters - 1960
The 1960 letter has two main parts. The first is operational and the other is about a major investment. The operational bit isn't to be missed though. Over the four years starting in 1957, the investment partnerships returned a compounded 140.6%. By comparison, the Dow Jones Industrial Average returned 42.6%. As is the case till date, Buffett does not gloat. He points out that four years is too short a time to come to any conclusions. His only takeaway is that, as expected, performance seems to be