Warren Buffett is the world’s most successful investor. Yet, even the best make mistakes, as any good investor knows. Analyzing Warren Buffett’s mistakes in depth can make you a better investor. In the just-released 2020 Berkshire Hathaway annual letter, Buffett briefly tells us about a recent, big, mistake: Precision Castparts (“PCC”). Let’s dive in and see what we can learn.
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Q4 2020 hedge fund letters, conferences and more
Warren Buffett's Purchase Of PCC
Buffett bought PCC in early 2016. The company is a market leader in global manufacturing of complex metal components serving the aerospace, power and general industrial markets. I am, of course, not privy to what Warren Buffett was thinking at the time. However, having studied his investing approach for decades, I can surmise that his qualitative assessment of the company was likely along the following lines:
These Are John Buckingham’s Stock Picks For 2021
The economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and
