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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: ciao8 ✭  😊 😞
Number: of 15062 
Subject: Punched Card
Date: 12/10/2024 11:49 AM
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No. of Recommendations: 6
Today’s Kingswell brings back memories for some of us generating,hauling & storing boxes of these “bits”.

Before Berkshire: Warren Buffett's Tab Card Triumph


“So what happened? The company changed its name to Data Documents. He owned the investment for 18 years. He ended up putting another $1 million into it over time. It was bought out by Dictograph in 1979 and he earned a 33% compounded return over the 18 years that he owned the investment. So it was not too bad.”

https://www.kingswell.io/p/before-berkshire-warren...

ciao
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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15062 
Subject: Re: Punched Card
Date: 12/10/2024 2:03 PM
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I like the ending bit.

There’s a saying — I think it’s from The Intelligent Investor — that the purpose of the margin of safety is to render forecasts unnecessary.

Perhaps valuations these days don't allow great success with that starting point any more, but it's a great starting point.

Jim
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