Articles


  • Buffett: No, we never said stocks are ‘forever’




    Warren Buffett is famously a very long-term investor. But long-term doesn’t necessarily mean he’ll never sell.

    In his annual letter to investors, the Berkshire Hathaway BRK.A, +0.05% BRK.B, +0.04%  chairman writes that some shareholders and commentators have the notion that the firm “will own certain stocks ‘forever”—but that’s not so.

    “It is true that we own some stocks that I have no intention of selling for as far as the eye can see (and we’re talking 20/20 vision),” he said. “But we have made no commitment that Berkshire will hold any of its marketable securities forever (emphasis Buffett’s).” Read the letter here.

    The 86-year-old billionaire said the confusion may be the result of a “too casual” reading of one of his “economic principles” that have been printed in Berkshire’s annual report since 1983. Specifically, No. 11, which states, in part, that, “Regardless of price, we have no interest at al in selling any good businesses that Berkshire owns. We are also very reluctant to sell subpar businesses as long as we expect them to generate at east some cash and as along as we feel good about their managers and labor relations.” Read the annual report here.

    To clear up any misunderstanding, Buffett added a line to “emphasize that the comments here refer to businesses we control, not to marketable securities.”


    Read full article
  • Rabindra Kayastha

    Authorized Person for MEX NEPAL
    Mob: +977 9856030634

  • Pawan Dhakal

    Biratnagar Branch Manager
    Mob: +977 9852033934

  • Our Clearing Member

    Himalayan Commodity Brokers
  • Our Banking Partners

    Laxmi Bank
  • Bank of Kathmandu
  • Nepal Investment Bank Limited
  • Century Commercial Bank Limited