Скачать или смотреть Berkshire Hathway Annual Letter 1981

📘 Berkshire Hathaway 1981 Annual Report – Narrated Summary by Warren Buffett (Unofficial Reading) ‪@InvestmentFocus-Only‬
In the 1981 letter, Buffett draws a clear line between investing and speculation. He reaffirms that true investing means buying part of a business—not betting on price movements. This letter is a timeless warning against short-term market behavior and a call to fundamental thinking.

🧠 Key Takeaways from the 1981 Report:

00:00 Introduction: Wall Street’s Mood Swings

02:20 Buffett on the Meaning of Investing

05:05 Short-Termism vs Long-Term Ownership

07:40 Why Business Fundamentals Matter Most

10:15 Final Reflections

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💬 Do you agree with Buffett’s view that “investing” is often just “speculating” in disguise? Share your take below.
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