The world economy is afflicted by weak sentiment, trade-related disruptions, and rising downside risks to growth. Central banks leaning towards lower rates reflects growing pessimism on the growth front. The calm that characterised global financial markets in the beginning of 2019 has been dispelled since May, with a combination of trade and geo-political tensions and the worsening global growth outlook imparting heightened volatility.
The annual letter to the shareholders from Warren Buffett and Charlie Munger (published in Feb’19) is one of the things that the investment community watches out for — many things to learn therefrom. We have pulled out some excerpts and our takeaway on the same.
admin8 Learnings from Warren Buffet’s 2018 Shareholder Letter