https://news.vice.com/story/the-market-is-booming-but-not-for-warren-buffett

The market is booming but not for Warren Buffett

The stock market has been hitting a new record every day, companies’ earnings have generally been solid lately, and the world’s most renowned investor is… struggling? Warren Buffett’s famed holding company, Berkshire Hathaway, said its second-quarter profit fell 15 percent — a surprising drop that sent its stock down […]

The title is a little misleading. They're only isolating one quarter's worth of earnings for his business. But over time, he beats the market via value investing and patience. He's also never been a fan of reporting earnings on a quarterly basis because it gets investors, CEO's etc. too focused on the short-term rather than the long-range plans of the company. I agree with him.

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Thanks for posting the article.

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