Warren Buffett sheds light on the invaluable insights he's garnered over 45 years of partnership with Charlie Munger.
“The world is full of foolish gamblers, and they will not do as well as the patient investor.”
If a previously promising business starts sinking, he asserts the wisdom in abandoning ship: “Don't bail away in a sinking boat if you can swim to one that is seaworthy.”
“Warren and I don't focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.”
In a realm riddled with uncertainty, he highlights the dangers of borrowing money to augment investments.
“Our satisfactory results have been the product of about a dozen truly good decisions.”
“You have to keep learning if you want to become a great investor. When the world changes, you must change.”
Source: Mint
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