In this episode of the podcast, I take a look at Warren Buffett’s latest annual letter to shareholders and some of the lessons we can learn from it as investors.
Warren Buffett is a legend in the world of investing.
The 86 year old is widely considered to be one of the most successful investors in the world. He’s also the second wealthiest person in the US, with a net worth of close to $80bn.
As head of Berkshire Hathaway, Buffett writes a letter to shareholders each year.
These letters are designed to report on the performance of the company and he also uses them as an opportunity to share some investment or business wisdom with his investors and fans.
In his latest letter, he shares some wisdom about using low-cost index tracker funds, reminds us not to bet against America, considering value when paying for investment advice, and keeping our heads during investment market corrections.
Personal finance news update
-House prices in the UK rose faster in February, according to the latest survey from Nationwide.
-The state pension age could rise to a level above the typical life expectancy of men in the poorest areas of the UK.
-Car insurance premiums are due to soar by as much as £75 a year, due a new government ruling.
-New research from insurer Royal London has found that those who plan a ‘flexible’ retirement – reducing their working hours in later life and topping up with pension income – could have to work on into their late seventies or beyond to achieve a decent standard of living in retirement.
–More than half a million Brits holding at least one kind of interest-bearing debt are paying more than they need to by not moving to a better deal, according to new research by TSB.
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