Warren Buffet just announced today, that Greg Abel would succeed him as the next CEO of Berkshire Hathaway.

Who is he? What is his investing philosophy and why can you bet on him? What are his prominent investments?

Bonus: A few of his famous investing quotes.

Dive in🧵: Meet Greg Abel, a top executive at Berkshire Hathaway and a successor to Warren Buffett as CEO.

With a deep understanding of the energy industry and a focus on creating long-term value for stakeholders, Greg has successfully led Berkshire Hathaway Energy..

Warren Buffets 2023 shareholder letter is out. Here are the key takeaways:

- Berkshire candidly beat the S&P 500 last year, gaining 4% in market value while the S&P declined 18.1%.

-His philantrophic use of shares: Lose money, but don’t mess with reputation.

Most people know of Warren Buffet, but did you know about the next best?
World's second-biggest investor: Shelby Davis.
🧵🧵Dive in:

Shelby Davis was a legendary investor who managed to turn $50,000 into $900 million, achieving an 18,000-fold return from 1947 until his death. Who is Shelby Davis and how did he attain success as an investor?

He started investing at the age of 38 and made his fortune by investing heavily in the insurance sector.

Thinking about taking a loan for buying a house?
Worried what if the project fails and your money is stuck?
​
There have been multiple instances of real estate scams but now you help avoid getting into one yourself.

c.c - @dmuthuk @KirtanShahCFP @iam_balaji @abhymurarka Here's the solution- "APF Code" which is the “Approved Project Financial” Code.

A. A developer is required to have a valid APF code or number for every project.

If bitcoin falls 20-30% in a day, it makes severe headlines. But what about the currency of a nation falling 50% in a day?

Well the Russian currency: Ruble just lost 50% of its value in a day. Scary hours for its citizens who might be pushed to eventually fight hyperinflation, pushing a lot of people to the streets.

Since Jan 1 2022, the inflation in Russia stands at 69.4%. That’s extreme.

Russia has lost the economic and media war.

Want to learn Fundamental Investing?

I am committing to teaching basic fundamental investing, which will include a balance sheet, cash flow statement, income statement and all ratios revolving around them.

I will add one ratio every day to this thread🧵🧵: 1) Quick Ratio:

As the name suggests, this ratio is used to analyse how quickly can a company generate cash during turbulence or need.

It represents assets of a company that can be converted to cash in less than 90 days against its liabilities.

If you are thinking about how low churn affects your returns, here’s an example why booking short term gains makes no sense:

Assume a portfolio worth $100 million. If you churn this portfolio after every 2 years, assuming you get 10year average Sensex return and the cost is around 100 bps;

Over a 10 year period your CAGR amounts to 13.8.

If however you do not churn it often, it amounts to 14.5% CAGR.

Most of us read but rarely retain.

Hence I wanted to understand how do the best people out there learn.

Here are the top 3 ways in which most leaders learn:
(This is how I'm building my reading habit and you can build yours)

🧵🧵 1) 3 ways of reading with increasing retention power downward:

a) Overview - Simply skim through the content without question why or how.

b) Analytical- You converse with the author and try to ask questions, challenge assumptions and then also find answers to your questions.

Here’s the entire summary of crypto taxation:

The finance minister announced that virtual digital assets including cryptocurrencies will be taxed at a rate of 30% from 1st April 2022. Virtual digital assets are defined as,” Any information or code or number or token (not being Indian currency or foreign currency), generated through cryptographic means or otherwise, by whatever name called, providing a digital representation of value exchanged..

According to AI, Rafael Nadal had a meagre 4% chance of winning the Australian Open after being down 2 sets and trailing 3rd set by 3-2, yet he did win.

Just because the “odds aren’t in your favour”, doesn’t mean it won’t work out.

Odds are the least understood. Do what you believe in without worrying about the effective outcome. Take it one step at a time.

Miracles happen all the time.

#motivation

Inflation is at an all time.

Investing a part of your portfolio (5-10%) in Gold, has been an hedge for a longtime. However, does investment in gold make sense currently?

A thread 🧵

Please re-tweet to educate more people! Gold as an investment vehicle has preformed negatively when considering the real rate. (Rate of Return- Inflation) over a 10year timeframe.

Here is a visual on the same by @capitalmind_in :

10 Lessons From Warren Buffett’s Annual Letters To Shareholders:
🧶🧶

cc: @dmuthuk @KirtanShahCFP @BrianFeroldi @karthikrangappa @ChanderBhatia01 @RamBhupatiraju 1. Moat is NEVER constant:
A company’s competitive position either grows stronger or weaker each day.
Widening the moat must always take precedence over short-term targets.

Facebook, Nike and Microsoft are moving into the Metaverse.

The real story is that the path towards Web3 and the metaverse is pretty unstoppable!

A Mega thread🧵🧵 on #Metaverse and why it will be a disruptor:

C:C - @Akshat_World @businessbarista @SahilBloom @santiagoroel First, “What is the metaverse?” 

— “It’s a virtual environment where you can be present with people in digital spaces. You can kind of think of this as an embodied internet that you’re inside of rather than just looking at.”