Warren Buffet Tells Investors To Beware of Number-Crunchers
World’s Most Famous Number-Cruncher Say ‘I Mean Those Other Guys’
In his annual letter to shareholders, famed value-investor Warren Buffet warned shareholders to be careful of people who forecast pension returns and instead urged investors to listen to people who forecast earnings.
The Oracle of Omaha is known for injecting humor into his annual shareholder letter making him the world’s richest comedy writer as well as world’s richest investor. Buffet is also considered to be the world’s richest Nebraskan, richest Columbia graduate and world’s richest Alpha Sigma Phi fraternity brother.
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Warren Buffet’s glasses after a hard day of number crunching
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Buffet’s annual letter also warned investors not to expect rising profit numbers from Berkshire Hathaway’s core insurance business. The Sage of Omaha said profit margins would fall and costs would “inexorably rise.”
Buffet said he could make these predictions with confidence because he had spent a long time crunching the numbers.
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Photo courtesy of FreeFoto.com
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