This is the fourth post in our quarterly update series for Q4 FY19.
In this post, we’re sharing the latest updates of the stocks from our watchlist. Please don’t treat this as a buy recommendation. We find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking. We make our notes on the quarterly results and conference calls. Putting it up here makes it easier for us to refer them at a future date.
You can see the earlier updates here.
“What is the best available source to understand the concept of value investing in stock market?”
If you ask the above question to a room full of top value investors around the world, I believe almost all of them would say “Warren Buffett annual letters to his Limited Partners and Shareholders.” (1957-2018).
Like many stock market enthusiasts, I too read them all.
Made my notes on them.
And referred to them many times.
Over and over again.
One thing which struck me was the evolution of Warren Buffett as an investor in that long period spanning more than six decades.
We, at SSIAS, have taken up this project of dividing all the letters in to six parts representing six decades of Buffett’s investment journey. For our readers convenience, we’ve put together an illustrated version of Buffett’s letters (1957-1966). Please click here to download it.
In this post we aim to find the eight big learnings from the first decade –“Warren Buffett- The Benjamin Graham Investor”