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This is the personal website of James Lim, an established financial consultant who is serving hundreds of happy clients. Through this site, he hopes to keep his clients and new prospects updated on latest developments that will impact their financial plans. This site will also give potential clients a good idea of who James is and how he can help them achieve their financial objectives.

ABOUT ME

James Lim started out working in the government, before going on to found and run a highly successful IT company for about 10 years. He moved into the finance industry in 2016 and has since become a member of the prestigious Million-Dollar Round Table. He builds his business on the foundation of integrity and trust, which is why most of his clients have placed their investments and financial plans with him.

Warren Buffet’s insightful letter to his shareholders

Home/Investment/Warren Buffet’s insightful letter to his shareholders

We can always learn a new thing or two from arguably the world’s most successful investor, Warren Buffet. Here is his latest note to his shareholders published in Herkshire Hathaway’s annual report 2019. For those who do not have time to read the whole letter, here is probably the most important part:

Berkshire will forever remain a financial fortress. In managing, I will make expensive mistakes of
commission and will also miss many opportunities, some of which should have been obvious to me. At times, our
stock will tumble as investors flee from equities. But I will never risk getting caught short of cash.
In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will
permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses
possessing decent long-term prospects.

That disappointing reality means that 2019 will likely see us again expanding our holdings of marketable
equities. We continue, nevertheless, to hope for an elephant-sized acquisition. Even at our ages of 88 and 95 – I’m the young one – that prospect is what causes my heart and Charlie’s to beat faster. (Just writing about the possibility of a huge purchase has caused my pulse rate to soar.)

My expectation of more stock purchases is not a market call. Charlie and I have no idea as to how stocks will
behave next week or next year. Predictions of that sort have never been a part of our activities. Our thinking, rather, is focused on calculating whether a portion of an attractive business is worth more than its market price.
– Warren Buffet

You can find the full letter here.

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By | 2019-03-08T08:12:17+00:00 March 8th, 2019|Investment|0 Comments

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