Warren Pieces: Buffett On What Risk Really Means

A periodic look through the archives of the greatest investor in history

In Berkshire Hathaway’s 1993 Letter to Shareholders, Warren Buffett offered his thoughts on risk. Below is an excerpt from the letter.

Screen shot 2014-07-08 at 5.12.00 PM

Screen shot 2014-07-08 at 5.10.15 PM

Validea’s Warren Buffett-inspired portfolio is up 104.5% since its late-2003 inception vs. 86.3% for the S&P 500. Check out its holdings here.