3 Important Points I Learned during Berkshire Hathaway's 2023 AGM

It's the annual investing event that all value investors pay full attention to.

There are talks about potential "de-dollarisation" where groups of countries plan to stop trading in USD.

But according to Buffett, it is highly unlikely that the U.S. dollar is dethroned as the reserve currency, even amid concerns about the debt ceiling.

The iPhone user base and brand loyalty are what Buffett treasures the most, and he even regret previously selling some stake of the stock.

Diversification has 2 schools of thought on its own.

Some think diversification is the only free lunch.

Some, like Charlie Munger, think that it can be "deworsification"

In his defense, people diversify as they can’t tell their best ideas from their worst.

If one is incompetent in finding good stocks, the more stocks he or she buys, would not apply the benefits of diversification to make his or her portfolio better.

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