He highlighted the risk of bonds and emphasised the importance of sticking with a simple investment strategy. “Performance comes, performance goes,” Buffett wrote. “It is a terrible mistake for investors with long-term horizons – among them, pension funds, college endowments and savings-minded individuals – to measure their investment ‘risk’ by their portfolio’s ratio of bonds to stocks,” Buffett wrote. “We will need to make one or more huge acquisitions,” Buffett wrote. “You and I are lucky to have Ajit and Greg working for us,” Buffett told shareholders in the letter.

Source: The Star February 25, 2018 23:03 UTC