The Oracle Speaks.

[flex229]

Buffett's annual letter to shareholders.

http://www.berkshirehathaway.com/letters/2006ltr.pdf

 

[medical]

And everyone told me I was stupid for buying a stock I could only afford 10 shares of in 1983.

 

[flex229]

you're a wise man....karma for you.

And everyone told me I was stupid for buying a stock I could only afford 10 shares of in 1983.

 

[Creepusmaximus]

And everyone told me I was stupid for buying a stock I could only afford 10 shares of in 1983.

For real? What was the price in 83?

 

[medical]

you're a wise man....karma for you.

I was a well advised 20 yo with an Army enlistment bonus to spend. You'll doubt my wisdom when I tell you I only have 2 shares left..........wish I could claim to have sold most of them in the last 5 years but that aint so! I never did less than triple my money on a share, though, and even two shares that I paid $781 for in '83 is still the best return I've ever made.