17 April 2024
Elston Quarterly Portfolio Update Q2 2024
In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
Warren Buffett shares words of wisdom at Berkshire Hathaway AGM
Elston Asset Management portfolio managers, Andrew McKie and Grayden Taylor were fortunate enough to be invited to the 2017 Berkshire Hathaway Annual General Meeting in Omaha, Nebraska to hear from legendary investors, Warren Buffett and Charlie Munger. Buffett has built a track record as a value investor, astute at identifying quality companies and effectively investing with a long-term horizon.
“It was a great opportunity for us to learn from an industry leader,” said Andrew McKie. “A key takeaway from the meeting, also a prime focus at Elston, is the importance of focusing on quality companies that reward investors long term. Buffett, 86, also emphasised you should never stop learning. We see these insights as invaluable in enhancing and refining our investment process, to ensure we continue to provide quality outcomes for our advisers and their investors.”
Play to your strengths. Buffett and Munger spoke of the importance of sticking to your strengths, and while this may lead to some missed opportunities, (they mentioned Google as an example), over the long term you will avoid being trapped by faddish investments and bubbles that invariably come unstuck and impact your portfolio’s ability to compound over time – one of the investor’s most powerful tools.
“We also had the chance to discuss key observations with other passionate fund managers, institutional stockbrokers and investment analysts,” said Grayden Taylor. “It was good to refocus on what is important when it comes to investing, such as rational decision-making and removing short term market noise.”
About Warren Buffett – American investor, businessman and philanthropist, Warren Buffett is considered one of the world’s most successful investors. With a net worth of $78.7 billion, he has pledged to donate up to 99% of his fortune to charity – the largest charitable donation ever.
If you would like more information please call 1300 ELSTON or email info@elston.com.au and an adviser will be in touch.
