“If you cannot control your emotions, you cannot control your money.”
— Warren Buffett Andrew Lokenauth | TheFinanceNewsletter.com
As highlighted by Lyn Alden ->
"People often report the nominal amount of cash that Berkshire $BRK.B has, as though Buffett is hoarding cash. You can't just look at the nominal cash level. All of Berkshire's numbers go up. An insurer needs a lot of liquidity. His cash as a % of his assets is in a normal range".
Charlie Munger helped Warren Buffett turn Berkshire Hathaway into one of the most successful companies in the world.
Here's one of his famous quotes... Source: Evan
“I don’t mind at all under current conditions building the cash position."
"When I look at what’s available in equity markets and the composition of what’s going on in the world, we find it quite attractive." - Warren Buffett
"I’d be a bum on the street with a tin cup if the markets were always efficient.” - Warren Buffett
Source: MastersInvest.com
How does Buffett find great investments?
He uses his 4 filters: "Charlie and I look for companies that have a) a business we understand; b) favourable long-term economics; c) able and trustworthy management; and d) a sensible price tag." Simple, but not easy rules to follow. By "The Investing for Beginners Podcast"
“We never look at any analyst reports. If I read one it was because the funny papers weren’t available. I don’t understand why people do it.” - Warren Buffett
Source: MastersInvest.com
All these US representatives are outperforming Warren Buffet...
Source: Snowden on X
