Update- Warren Buffett, The Sage of Omaha We have attached is another wonder piece from Warren Buffett on the philosophy of investing. In this muse he pays tribute to his teacher and mentor, the late Benjamin Graham and to his long investment partnership with Charlie Munger at the helm of Berkshire Hathaway Inc, their investment vehicle. It would be hard to ever find Warren Buffet guilty of hubris but it is clearly evident in this piece given his decision to have 90% of his money invested in S&P500 index funds upon his death. Such a decision can only serve to convey his deep held belief that there is no other professional management team capable of matching his ability over the past 5 decades to consistently beat the market. Is he correct? Absolutely not but his record of out performance in percentage terms above the market is very likely never to be beaten. The fact is that Warren Buffett is truly an incredible professional investor who is unparalleled when it comes to beating or is it more accurate to say flogging Mr Market. At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
14th-March-2014 | 
