Berkshire Hathaway Warren Buffett

Never Seen Before Letters: Bill Ruane And The Sequoia Fund The First Years [Pt.1]

This article utilizes (among other sources) letters to investors from Bill Ruane's early years in the 1970s and 1980s which were found in archives and have never appeared on the internet to our knowledge. While we cannot post the original documents we provide quotes and analysis on them in a series of articles.

Warren Buffett started managing money for others in 1956 after he lost his job working with Benjamin Graham, who is widely considered to be the Godfather of value investing.

Q4 hedge fund letters, conference, scoops etc

Benjamin Graham offered Warren Buffett a job at his own partnership in 1954 with a starting salary of $12,000 a year. Unfortunately, Buffett was only able to work with his mentor for a few years as in 1956, Graham decided it was time to retire and folded up his investment partnership.

If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019, whichever comes first!

In May of that year, soon after Warren Buffett and his family returned home to Omaha, Buffett set up his own investment business, Buffett Associates, Ltd. with initial funding of $105,000 from friends and family members. Buffett himself only invested $100 in the enterprise.

SORRY!

This content is exclusively for paying members. Sign up here

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click chat


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0