Investor In The Family Radio

Welcome to Episode 4 of the "Becoming Buffett" Series! This week we discuss the 1968 letter to Berkshire Hathaway shareholders. Buffett's annual letters book: http://amzn.to/2ogVi4U Some brief notes: 1968 “Immediately after year end, we purchased all of the stock of Sun Newspapers, Inc. and Blacker Printing Company, Inc., which represents an initial entry into the publishing business.” Working hard to improve operating earnings in textile ares They aren’t just abandoning the investment at the first sign of trouble, willing to be patient to allow thesis to play out. Letter now divided into three sections: textile operation, insurance operations, and marketable securities/acquisitions Could you have one more income stream 3 years from now? Insurance operations going well Investment income increased substantially in 1968 Capital gains from common stock investments “The insurance companies continue to seek new areas for expansion” Could you make ONE great investment this year that could reward you for