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03.10.10 Warren Buffett Releases Latest Shareholder Letter  By Doug CaverlyOne of the world's most successful (and likeable) investors has issued his yearly letter to Berkshire Hathaway shareholders, and even if you're not part of that target audience, it's very much worth a read. Warren Buffett included all sorts of useful explanations and advice (along with some amusing jokes). Fair warning: even if you skip a large table at the top of the document, the letter is 18 pages long, so it's not something that can be skimmed during a short coffee break. We're not going to summarize it in detail, either, since that would also take up a significant amount of your time. Here, however, are what one member of The Motley Fool's CAPS Community identified as five takeaway points. First is that "Berkshire invests conservatively," putting money in industries that have proven to be reliable and keeping a lot of cash around as a cushion. But at other junctions in the letter, Buffett also pointed out that individual investors remain more agile than his gigantic organization, and should invest aggressively when market conditions permit. The fourth key point, as outlined by "MagicDiligence," is to "[b]e wary of managers that like to give away undervalued stock." Finally - and this relates to Buffett's famous sense of humor - "keep it real" and "enjoy what you do and have fun." About the Author: Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news. |
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