I haven’t even read this yet, but I know it’s a must read. I always recommend to all novice investors that they start by reading Warren Buffett’s annual shareholder letters. Go here and read his partnership letters as well. There are more little nuggets of knowledge in there than in just about any other book or writing on Wall Street.
Here’s the link to this year’s letter. Feel free to point out anything you might like to discuss or anything you think might be worthy of a post.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.