International Highlights from Buffett’s 2017 letter

Discussion in 'Shares & Funds' started by Nodrog, 28th Feb, 2017.

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  1. Nodrog

    Nodrog Well-Known Member

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  2. The Falcon

    The Falcon Well-Known Member

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    Good simple comment on buy-backs. Unfortunately with corporate management (as distinct to founder lead or family control) buy-backs are often pro-cyclical or made to underpin share price to ensure short term incentives are met....and bonuses paid.

    Good local use of buy-back was Seven Group Holdings (founder lead/majority owner) using repeated buy-backs to reduce free float in the last couple of years. This was counter-cyclical buying at its best, and the share price performance tells the story.
     
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  3. OscarBravo

    OscarBravo Well-Known Member

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    I thought the discussion on fees was interesting and on message this year.

    Also interesting to see him clarify his previous "my favourite holding period is forever" comments.
     
  4. trinity168

    trinity168 Well-Known Member

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    Long bets -- he discusses his index fund vs fund of funds bet in detail.
     
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