Two elements caught my attention in Warren Buffett’s much-anticipated annual letter to Berkshire Hathaway shareholders, released at the end of February 2021
His acknowledgment of a personal investment mistake from 2016, when Berkshire Hathaway purchased Precision Castparts at an overvalued price—an error that cost the company $11 billion; and
His near-prophetic warning: “Never bet against America!”, Cătălin Petrea, Partner at Bulboacă & Asociații SPARL
You can read the full letter here: https://lnkd.in/es-Auj4
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