I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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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.”



6 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. 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
  3. 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!

    ReplyDelete

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