A letter a day!

A letter a day!

Letter #4 from 1960

The letter is lengthy for 2 reasons

1. Some technical client-specific questions have been answered.
2. Explanation of the company with the highest allocation in the portfolio.

Key learnings:

1. A point to note is the detailed and transparent disclosure of the company with the highest allocation. This will definitely give the clients a sense of confidence behind the conviction.

2. Discussion regarding the performance of the portfolio. Buffett states that he would be happy in a year in which the portfolio has declined and the index has advanced rather than both advancing by the same %. ]

A letter a day(WB1960)_Aashka Trivedi.pdf (168.1 KB)