At the April 2005 Berkshire Hathaway annual meeting of shareholders, Bill Ackman of Pershing Square asked Warren Buffett and Charlie Munger for their thoughts on the challenges of analyzing profitable financial companies. 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. Citing the fact that four AAA rated companies were, at the time, under investigation for accounting irregularities and were in the process of restating their financials, Ackman asked Buffett and Munger to justify why they are comfortable investing in financial companies when financial companies are…
Warren Buffett: It’s Just Very Very Tough To Know Precisely What Is Going On In a Financial Institution
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk