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Monday, 26 February 2018

8 memorable quotes from Warren Buffett's newest shareholder letter


Read? 8 memorable quotes from Warren Buffett's newest shareholder letter


 These three quotes; Uncle8888 can relate better. No parroting! Really doing them!

 2. “But Charlie and I sleep well. Both of us believe it is insane to risk what you have and need in order to obtain what you don’t need.”

 Buffett and Charlie Munger’s aversion to using leverage may have “dampened” their returns over the last 53 years, but the long-term focused investors don’t seem all that bothered by it.
5. “When major declines occur, however, they offer extraordinary opportunities to those who are not handicapped by debt.”

 Leverage might boost returns when prices go up, but it’s devastating when prices go down, which is when solvent investors are able buy cheaply.

 6. “Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta.”



Posted by Createwealth8888 at 09:39
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8 comments:

  1. CW,

    temperament did free proofreading for me.

    Now I pay it forward too.


    Hello, duplicating point 5 twice does not count as 3 quotes lah!

    ReplyDelete

  2. That's the "secret" why i am still surviving in the market after 30 years or so.

    And i am no parrot of anyone but i learn & believe this "secret" from some author when i first started at the age of 40 investing in the market.
    It's never from WB.

    i come to know about WB only after about 10 years in the stock Market.

    Of all what he said, i like best is "You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.”

    "In other words, emotional discipline and self-awareness are far more important to strong market returns than high-level thinking. You don’t have to be a genius to be patient, disciplined, confident, open-minded and level-headed, all of which are important characteristics of successful investors.
    Over the long-term, emotional intelligence will have a much bigger impact on your returns than your ability to out-think the market,” Batnick concludes.

    i like this quotation best of all his quotation and nickname myself "temperament" to remember him{WB}.

    Psst..
    i am really a temperamental person especially when i was much younger with low to average IQ. But remember about the joke about "What's the difference between Your Guts & Balls. If U don't understand about this joke, U don't understand about "The Bull & Bear."

    ReplyDelete
    Replies

    1. temperament,

      I like to give people nicknames to better remember them by.

      I used to call you the man of the cross.

      From now, I'll remember you as Mr Guts and Balls!

      LOL!


      P.S. Your're next! That was so funny!

      Delete

  3. Uncle8888,

    There's this quote from 2017 shareholder letter that should be close to your heart too :)
    Having large war chest to prepare for next crisis!

    "During the 2008-2009 crisis, we liked having Treasury Bills – loads of Treasury Bills – that protected us from having to rely on funding sources such as bank lines or commercial paper. We have intentionally constructed Berkshire in a manner that will allow it to comfortably withstand economic discontinuities, including such extremes as extended market closures."

    And finally ... quite a feat (& luck & guts too!) for Buffett to skillfully guide $318K of his own money & $318K of Protege's into windfall of $2.22M for charity.

    Imagine if we could park $300K with Buffett on 1st Jan 2008 ... we'll have collected $1.1M in Jan 2018, LOL!!

    ReplyDelete

  4. Ya lor.

    This is too long, many people think it is because of the unprecedented QE.

    And the debts of Americans now are even more than the debts of 2008|2009 so says the Marketplace.

    Many think the next crash will be worse off because of greater debt.

    Who knows?


    ReplyDelete

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