Warren Buffett He turned 93 and is celebrating. The Chairman and CEO of Berkshire Hathaway has been a professional investor for more than 70 years and turned berkshire in one of the largest conglomerates in history valued at almost US$800,000 million.
Warren Buffett just turned 93 years old. It is a moment in which it is worth taking stock. The President and CEO of Berkshire Hathaway has made a name for himself in his more than 70-year career as a professional investor, taking what was once a struggling textile business and turning it into one of the largest conglomerates in history, valued at nearly US$800,000 million.
From 1965 to the end of 2022, the shares of berkshire shot up 3,787,464%, far exceeding the rise of 24,708% of the S&P 500. That means if you invested $10,000 in Berkshire in 1965, would have had $378 million at the end of last year. By the way, buffett You’ve learned a hundred things about the difference between “cigar butts” and what’s really worth investing in. The historic rise of berkshire turned to buffett the seventh richest man on the planet. In this note we review the best advice from him.
Buffett’s Top Investing Advice
investing is not a game
Unlike other investors, Warren Buffett focuses on the long term and value investing, which consists of buying undervalued assets and waiting long enough until the market realizes the situation and takes them to a fair price.
Despite the fact that it seems simple, many beginners prefer to make quick money and trade frantically, and even take on debt, which creates a very high individual risk.
You can’t beat the S&P 500
Buffett has repeatedly indicated that virtually the entire investing public should only buy orn S&P 500 ETFs why beat the US market it is very difficult, with the exception of a few specialists who should select very few actions and maintain them over time.
“I recommend the index fund of the S&P 500. I have never recommended Berkshire to anyone because I don’t want people to buy it because they think I’m tipping them. When I die, there is a fund for my then-widow and 90% of it will go into an S&P 500 index fund,” she recounted during her company’s 2021 annual conference.
The present does not always dictate the future
“Stock picking involves a lot more than figuring out what a wonderful industry is going to be in the future,” Buffett said. To prove his point, he remarked that in the 1900s, when the automobile boom came, there were about 2,000 companies looking forward to an amazing future.
However, by 2009, two out of five manufacturers were going bankrupt. In this way, the multimillionaire emphasized that it is not necessary to focus on trying to guess which corporation will be with the most potential in the coming decades.
Source: Ambito
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