Wednesday, March 4, 2015

Warren Buffett, Charlie Munger And A Major Warning

from King World News
With people around the world still nervously watching Greece and Ukraine, today King World News is featuring a piece from one of the greats in the business that includes Warren Buffett, Charlie Munger and a major warning.
“In our early decades, the relationship between book value and intrinsic value was much closer than it is now. That was true because Berkshire’s assets were then largely securities whose values were continuously restated to reflect their current market prices.” — Warren Buffett, Berkshire’s Annual Letter
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