Investor In The Family Radio

Welcome to Episode 5 of the "Becoming Buffett" Series! This week we discuss the 1969 letter to Berkshire Hathaway shareholders. Buffett's annual letters book: http://amzn.to/2ogVi4U Some brief notes: 1969 Proceeds from funds temporarily utilized in marketable securities were able to fund major purchase of 1969 (The Illinois National Bank and Trust Co.). Used money from stock investments to make an acquisition Perhaps someday we could take money out of an IRA or other account and acquire a company? Allocating capital into securities like this allowed BH to see annual returns of more than 10% as compared to the return in textile operations of only 5% Buffett saw that BH’s core business was struggling and diversified into stronger sectors (insurance, stocks, etc) Do you have a metric or means for measuring the total return on capital for your household, factoring in all data points (ex: your salary, raise, investments, etc.)? “We anticipate no further purchases of marketable securities, but our search f