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Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime friend and business partner, died in November 2023 at age 99. Often recognised as Buffett's right-hand man, Munger has played a pivotal role in the success of one of the world's most renowned conglomerates. Beyond his association with Buffett, Munger is esteemed for his multidisciplinary approach to decision-making, his wit, and his deep insights into investing and life.

Financial or accounting ratios are the relative magnitude of two selected numerical values from an enterprise's financial statements. These standard ratios are used by managers, shareholders, investors and stakeholders to evaluate the overall financial condition of a firm.

This week, we are going to discuss five useful financial ratios to evaluate the financial performance of companies, and we may have seen these ratios in the annual reports of public listed companies (PLCs).

Warren Buffett is a master storyteller. You can learn a lot about investing and life lessons from his annual letters to shareholders, annual general meetings, and articles. But do you remember most of them? Probably not.

How about his quotes? Highly likely. This is because they are memorable, short and powerful sentences.

In this article, I will try to distil the main pillars of Buffett’s investing philosophy using a dozen of his everlasting quotes.