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" "If you don't understand a company, if you can't explain it to a ten-year-old in 2 minutes or less, don't own it.
Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, philanthropist, and author.
Biography information from Wikiquote
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Since the early 1980s, the Berkshire annual reports have informed shareholders of the performance of the holdings of the company and new investments, updated the status of the insurance and the reinsurance industry, and (since 1982) have listed acquisition criteria about business Berkshire would like to purchase. The report is generously laced with examples, analogies, stories, and metaphors containing the do's and dont's of proper investing in stocks.
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