Delong Yang: 8 Value Investing Essences of Buffett's Annual Letter
@Capital_Insights:
Yang Delong, chief economist of Qianhai Kaiyuan Fund,At the end of February every year, what everyone looks forward to the most is Buffett's letter to shareholders. In the letter, Buffett will elaborate on his investment gains and losses in the past year and his investment experience in the past few decades, with frequent golden sentences.Buffett’s letter to shareholders published this year is rich in content, including some of his investment gains and losses in the past 58 years.1. Investing in stock is to be a good shareholder of the companyFor example, he said that neither Charlie Munger nor I choose stocks but companies, because short-term market trends are unpredictable. Stocks, thus gaining compound interest growth.The data shows that the