Buffett explains why volatility is not risk and why equity is best

It's that time of the year again when Warren Buffett's fan eagerly wait for the pearls of wisdom that the master drops. Around this time of the year, Buffett writes his annual letter to the shareholders of his holding company, Berkshire Hathaway. Besides writing about the companies' performance, the doyen of equity investors always writes entertainingly about a range of business and financial issues. While those who were looking at his letter for a revelation of who would run Berkshire after him were disappointed, those awaiting a package of wit and wisdom about business and investing were not. One of the most interesting passages in the letter last year was about the superiority of equity investing over the long term. Here's what Buffett says: Our investment results have been helped by a terrific tailwind. During the 1964-2014

This article was originally published on April 28, 2016.