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Local Grandpa Delivers Annual Letter, Reminds You He Is Very Wise And Also Super Rich
Well, it's one of those Saturdays.
Warren Buffett's annual letter is out which means journalists, money managers, retail investors, and everyone in between will spend the day parsing grandpa's thoughts on his massive naked put-writing operation and, more to the point, his amorphous aphorisms that, while ostensibly valuable for investors, could just as easily apply to crossing the street as they do to markets. Here's a good example from the new letter:
Charlie and I view the marketable common st
holy smokes. Isn’t there a cliff notes version of that report?
Executive Summary: Obvious 148 page documents, are obvious.