Day: February 3, 2020

Buffett on Aesop and Cinderella

In the annual letter to Berkshire Hathaway shareholders in early 2000, Warren Buffett attempted to remind everyone why value investing works, despite the financial euphoria all around him at that time. We will revisit this valuable lesson and draw implications for reviving enthusiasm for value investing at a point eerily similar to early 2000. The fast growing spread between growth and value in the last 30 days looks to us very much like the first 67 days of 2000 and the entire year of 1999.

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