The Berkshire Hathaway Curtain : Lesson From Warren Buffett

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Before we examine Berkshire Hathaway and PertoChina financial performance, it necessary to ask first, “What is investing?” According to the book titled, “Behind the Berkshire Hathaway Curtain: Lesson from Warren’s Buffett’s Top Business Leaders,” Ronald Chan explained the meaning of investing. He states that investment is, “Consciously paying more for a stock than its calculated value in the hope that it can soon be sold for a still-higher price.” This definition of investing was philosophizing by Warren Buffet’s mentor, Benjamin Graham, which has a great, influenced in making his investments and business decisions as the CEO of Berkshire Hathaway. In the article title, “Should We Buy the PetroChina Stock Warren Buffett Sold?”, by Chad Brand, he expressed that Buffet sold the PetroChina “too early” (Brand 8). He also states that in his perspective the “bull market in commodities (including energy) has a lot of time left to go which could push crude oil to $150 or more in coming years” (Brand 8). He believed that the fair value especially the energy will soar in the future. Generally, Buffet decision to buy the Petro China was praised by many experts in the financial world. Most analyst view that Buffet key to success was the right choose of picking good stocks in the right time and stayed with if he sense that it will remain a good company (O’Connell 1). In his success in investing at Petro China made him a 40 billion richer. At the report by BBC titled,” The World

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