Investing in an age of disruption

Iconic investor: The reason for Buffett’s success is that he goes for fundamental value, looking at good companies with able no-nonsense management that are operating businesses, with durable franchises. — AP

THERE are few investors who deliver solid results year after year. Hedge funds often get spectacular results, then crash and burn. The world’s most successful investor, Warren Buffett, has just delivered another annual letter to the Berkshire Hathaway shareholders that make fascinating reading, if only for his pithy insights into how he sees the world.

The reason for Buffett’s success is that he goes for fundamental value, looking at good companies with able no-nonsense management that are operating businesses, with durable franchises.