Thursday, March 4, 2010

Advice from Warren

Here is an article that sums up Warren Buffett's most recent shareholder letter. I tend to like Mr. Buffett's advice, because it is simple and straightforward. It's hard to argue with the concepts of staying liquid and understanding what you own.

If you actually read through the shareholder letter, you will find the following bit of wisdom in reference to Mr. Buffett's business partner, Charlie Munger:

"Long ago, Charlie laid out his strongest ambition: 'All I want to know is where I’m going to die, so I’ll never go there'. ”