I do hope that this note finds you and yours, all well.
Warren Buffett is a person that I have spoken about in glowing terms to many clients, over the last 25 years or more.
Indeed, I like what he has to say so much, that I actually travelled across to Omaha, Nebraska, with my son Andrew in 2009, to attend, and hear him speak at his annual Berkshire Hathaway AGM. A wonderful experience!
But even the most revered of money managers has found it increasingly difficult to “beat the market” in recent years – presumably due to a combination of having to continually allocate such huge amounts of capital (around £200 billion held in shares alone as at 20191), together with needing to compete in the dramatically different modern investment world, where there are thousands and thousands of professional analysts, fund managers, supercomputers and almost instantaneous news dissemination.
SmarterInsight™ is written, as usual, by Tim Hale an investment expert who frequently informs our investment committee.
This time round, Tim offers an interesting perspective on the great man’s more recent track record.