2/3 ทรัพย์สินของ buffett อยู่ที่ geico เมื่อปี 1951 ทำให้เปลี่ยนชีวิตได้

กระทู้สนทนา
เสี่ยยักษ์มี ปตท นิเวศน์มีcpall บุฟเฟ่ต๋ มี Geico

https://www.morganstanley.com/im/en-gb/intermediary-investor/insights/macro-insights/lessons-from-a-21-year-old-warren-buffett.html

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

A quarter century later in 1976, Buffett revealed that his GEICO shares had accounted for two-thirds of his net worth in 1951: “I told everyone who would listen to me that they should put every cent they could scrape together into GEICO.”  
Like Buffett, we believe that concentrating capital in our highest conviction ideas builds a truly differentiated portfolio. Generating a high conviction idea is the result of long hours of due diligence researching company reports and extensive travel to meet company management.  Identifying the mismatch between the market price and intrinsic value is difficult and infrequent. That is why it is so important to concentrate capital in your highest conviction ideas. Periods of uncertainty and stock market volatility can present opportunities for investors to purchase high quality businesses at substantial discounts to terminal value.  Terminal value is determined by the quality of the underlying business.  The fundamentals Buffett highlighted in 1951 - competitive advantage, growth in pricing and units and sustainable margins – ultimately determine terminal value.  The hallmark of our investment team is understanding how companies can monetize their uniqueness over time. By owning a concentrated portfolio of high quality businesses purchased at a margin of safety, we believe we can capture opportunities and persevere through market downturns.
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