Read This Letter to Buffett!!

One of the major questions I always had while learning about Warren Buffett and reading his annual reports, was why he suddenly switched from investing in Graham type companies to the "great" companies he now speaks of. Some say it is Munger's influence, and I think it partly is. But I think another reason is because he simply had too much money to put to work in Graham type plays. I was always nervous investing in small, problematic companies even after I'd read Graham because it really doesn't make much logical sense. But the fact is, these companies are just simply more undervalued then the "great" companies that you can sometimes buy at a small discount to value.

This was the proof I needed:

Dardashti Letter to Buffett!!


SG