Berkshire Hathaway founder Warren Buffett is not in favour of using company shares to buy assets. Simon Brown explains why he agrees with this investment guru.
The last Saturday of February is eagerly awaited by investors around the world as it’s the day on which Warren Buffett publishes his annual letter to Berkshire Hathaway shareholders. (You can find it at berkshirehathaway.com, remember you are looking for the 2016 letter as it is for their 2016 financial year-end.)
Further, the annual general meeting is being webcast on 7 May, so we can watch live without the long trek to visit Buffett’s hometown of Omaha, Nebraska.
This latest letter included an update on his nearly decade-long bet that an S&P 500 index tracker would beat a basket of hedge funds. With just a year to go, the index is miles ahead of the basket of hedge funds, proving his point about excessive fees that kill returns, but also his point that active management is very difficult and return after costs are often modest and below the market average.
هذه القصة مأخوذة من طبعة 16 March 2017 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 16 March 2017 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
