Copiers : 4 Followers : 26 Since Sep22 : +45% while NSDQ : +48% SP500 : +27% Dear Etorians, 02/26/24 Here is what we can learn from the letter to Warren Buffet shareholders. Buffett emphasizes the importance of communicating transparently with shareholders, a practice he has maintained throughout his career with his longtime partner, Charlie Munger. He emphasizes the need to provide clear and honest information, without resorting to excessive optimistic language or communications consultants. Berkshire seeks to attract one type of shareholder: long-term, prudent and knowledgeable investors. Like him, I invest the majority of my personal fortune in stocks, mainly American. He recalls a lesson from his mentor, Benjamin Graham: “In the short term, the market is like a voting machine, but in the long term, it becomes a scale that measures real value.” $SPX500 $NSDQ100