Warren Pieces: Buffett on The "Investor’s Misery Index"

A periodic look through the archives of the greatest investor in history

In Berkshire Hathaway’s 1979 Letter to Shareholders, Warren Buffett talked about the impact that inflation and taxes can have on an equity portfolio and a business. Below is an excerpt from the letter.

 Excerpted from Berkshire Hathaway’s 1979 Letter to ShareholdersScreen shot 2014-09-26 at 9.39.26 AM

Validea’s Warren Buffett-inspired portfolio is up 114.8% since its late-2003 inception vs. 85.2% for the S&P 500. Check out its holdings here.