Letter to Shareholders by Warren Buffett

=== Warren Buffett's 2009 Letter to Shareholders pdf, all from page 5:

“We like buying underpriced securities…”

“When investing, pessimism is your friend, euphoria, the enemy.”

“Price is what you pay, value is what you get.”

“the market value of the bonds and stocks that we continue to hold suffered a significant decline along with the general market. This does not bother Charlie and me. Indeed, we enjoy such price declines if we have funds available to increase our positions.”

Read Mr. Buffett's own words: not words about him.

letter_to_shareholders.txt · Last modified: 2009/05/14 08:58 by tom
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