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What are the Highlights from Warren Buffett’s Latest Letter to Shareholders?

What are the highlights from Warren Buffett’s most recent letter to shareholders? Buffet provides his relentless optimism and wisdom. Watch this week's Arista Advice for a full breakdown.

Full Transcript:

Hello, welcome to Arista Advice! Question of the week is: "Paul, what are the highlights from Warren Buffett's most recent letter to his shareholders?" 

Well, I was prepared when that question was asked because I love Warren Buffett. Here's a picture of him and I many years ago. I've had the opportunity to meet him three or four different times, and actually eat cheese and crackers with him when I was a 16 year old boy. He was one that really introduced me to capitalism and the importance of investing in the US economy.

Buffett, in his letter, acknowledges his $11 billion dollar investment mistake. It was a result of a mistake that he made when he purchased Precision Castparts, ticker symbol is PCC, in 2016. Is an $11 billion dollar mistake a lot? It is. Even Warren Buffett makes investment mistakes when picking stocks and companies.

Second quote, "Bonds are not the place to be these days." Unfortunately, we have to own bonds, and historically they're not the place to be, but over time, they will creep back up to the normal rates. 

He said, "Never bet against America." "Success stories abound throughout America. Since our country's birth, individuals with an idea, ambition and often just a pittance of capital have succeeded beyond their dreams by creating something new or by improving the customer's experience with something old."

Warren Buffett is the epitome of optimism. He believes in America. I believe in America, and may you continue to believe in America. 

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