Warren Buffett is having a good year. As the stock market undergoes a correction in 2022, impacted by high inflation, and the Fed moves to raise interest rates.
As CEO of Berkshire Hathaway, Buffett and Vice Chairman, Charlie Munger, seem to be having fun. Buffett is guiding Berkshire to make opportunistic acquisitions again.
As one of the richest men in the world, Buffett’s iconic investing prowess is well founded. He and Charlie Munger share capitalist ways through lessons to those who want to start investing.
“You don’t need to be an expert in order to achieve satisfactory investment returns. But if you aren’t, you must recognize your limitations and follow a course certain to work reasonably well.
Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick “no.” “If you instead focus on the prospective price change of a contemplated purchase, you are speculating…
On investing and risk, Warren Buffett said, “Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. ‘Risk’ is the possibility that this objective won’t be attained.