Happy Birthday

September 2, 2020 - Published by IAG Wealth Partners

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Happy Birthday

On August 30th Warren Buffett celebrated his 90th birthday. While many people admire Mr. Buffett solely for his investment prowess, I admire Mr. Buffett more as a person.

He is humble, straightforward, and often self-depreciating. He still lives in the same home he purchased in Omaha, Nebraska, in 1958 though he could certainly afford to upgrade. He is generous in using his time and blessings to help other people.

In honor of his 90th birthday, below are some of my favorite quotes I have collected from Mr. Buffett over the years:

“Investing is not a game where a guy with the 160 IQ beats the guy with the 130 IQ . . . Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”

“When investing, pessimism is your friend, euphoria the enemy.”

“The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.”

“The stock market has a very efficient way of transferring wealth from the impatient to the patient.”

“Approval is not the goal of investing. In fact, approval is often counter-productive because it sedates the brain and makes it less receptive to new facts or a re-examination of conclusions formed earlier. Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”

“We have long felt that the only value of stock forecasters is to make fortune-tellers look good. Even now, Charlie [Munger] and I continue to believe that short-term market forecasts are poison and should be locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”

 

 

 


Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through IAG Wealth Partners, LLC, (IAG) a registered investment advisor and separate entity from LPL Financial.

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