Warren Buffett’s letter for the year underlined a fundamental truth about investing: Market conditions change. The strategies that worked in one environment may not work in another. Buffett’s willingness to acknowledge this – and to adapt his strategy accordingly – was one of the key reasons for his long-term success. And he continued to keep his shareholders front and centre.
In this ET Prime Special Series, we bring you insights every week from the legendary investor Warren Buffett and also tell you how Berkshire Hathaway performed year after year to become what it is today. This is for people who are keen to learn what wealth creation is all about. How it has been done by one of the greatest investors the world has ever seen. Links to all the earlier 8 articles have been given in this story. Warren Buffett hung up
