Warren Buffett's Letters: Adapting Principles to Modern Finance
A deep dive into Warren Buffett's letters, focusing on applying his timeless investment principles to today's dynamic financial landscape.
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Core Principles and Evolving Strategies
Unit 1: Buffett's Core Principles
The Value Investing Lens
Margin of Safety
The Long-Term View
Patience is a Virtue
Unit 2: Evolution of Buffett's Strategies
Early vs. Later Buffett
Adapting to Economic Cycles
Tech? Yes, Eventually
Globalization's Impact
Moats in a Digital World
The 'Too Hard' Pile
Valuation, Moats, and Capital Allocation in the Modern Era
Unit 1: Intrinsic Value in the 21st Century
Buffett's Valuation Lens
Intangibles Demystified
Modern Business Models
Unit 2: Economic Moats in Today's World
Moats: Still Relevant?
Network Effects as Moats
Brand Value as a Moat
IP as a Moat
Unit 3: Capital Allocation in the Modern Market
Buybacks: A Buffett View
Dividends: A Value Signal
M&A: Buffett's Approach
Risk, Governance, and Ethical Investing
Unit 1: Buffett on Risk Management
Buffett's Risk Philosophy
Diversification Debate
Behavioral Finance Lens
Unit 2: Corporate Governance and Ethics
Governance Principles
Ethical Investing
ESG Today
Unit 3: Navigating Financial Crises
Crisis Playbook
Lessons from Downturns
Buffett's Bear Market Tips
Future-Proofing