Historia
Warren Buffett's investing evolved from deep-value securities influenced by Benjamin Graham toward ownership of exceptional businesses at reasonable prices. Through Berkshire Hathaway, the model combined public equities, wholly owned operating companies, insurance float, cash reserves and long holding periods. The distinctive feature is not simply value investing; it is compounding through high-quality businesses and patient capital allocation.
Filosofía
This is a compounder portfolio. The investor thinks like a business owner, not a trader. Good assets are companies with durable competitive advantages, capable managers, high returns on capital and reinvestment runways. Cash is not a drag when it preserves optionality for rare fat pitches. The risks are concentration, key-person judgment, valuation discipline and long periods of underperformance versus fashionable growth markets.