Buffett Letter: 1963 semi-annual 2

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1963

Semi-annual 2
  • This semi-annual letter again is very short outlining operational tasks for partners. Therefor not of much use in terms of learning.
  • Buffett says that a 'moderate' annual edge over the Dow should be satisfactory. He says this because his fund is 13% odd above Dow's return in 1963.

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