February 28, 2011
My title today is lifted directly from the 7th paragraph of Warren Buffet's 2010 letter to Shareholders of Berkshire Hathaway, published this past weekend.
Quotes from Warren Buffett have been ubiquitous over the last ten years, so there is seldom value to reprinting them here. But this year's letter is worth a look despite its length: 27 pages. A few highlights include a copy of a letter to Buffett's Aunt Alice, written by her father (Buffett's Grandfather Ernest Buffett) in 1939 (page 22); largest holdings (page 16); and commentary about the opportunities for investment that exist here in the US (pages 2-3). That's right - Buffet's view is that 90% of the good investment opportunities reside right here at home.
The letter is worth the time it takes to read and you will not be disappointed by your own investment of a few minutes to read it.
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).