5 things I learnt from the Buffett Partnership Letters

[dealmaker]

5 things I learnt from the Buffett Partnership Letters (AsiaOne.com)
I revisited some of the annual letters Warren Buffett wrote when he was a fund manager some 50 years ago. Buffett’s teachings then are still relevant today. Many people may not know this. Before Warren Buffett became CEO of Berkshire Hathaway, he was a fund manager. And his track record was, unsurprisingly, phenomenal.

 

[jordi742]

As far as I know he didn't use leverage at that time, wasn't he?

 

[ironchef]

It said over a 15 year period 92% of active funds lagged S&P500.

So it is not so bad that 90% of active traders lose money.