Lessons From Warren Buffett's 2021 Annual Letter
In this episode, we discuss the major points Warren Buffett covered in his 2021 annual letter and talk about some lessons investors can learn from them.
We discuss:
- the importance of recognizing mistakes and learning from them
- why operating earnings are a better measure of Berkshire's business than GAAP earnings
- the evolution of Buffett's investment approach over time
- why Berkshire's approach differs from most other conglomerates
We hope you enjoy the discussion.
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau…
The skinny
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