5 Lessons From Warren Buffett

2017 marks 10 years Amy and I have been married. As part our anniversary celebration, Amy gave me something I’ve wanted for years. . . a trip to Omaha, Nebraska.

Why Omaha, Nebraska?

Every year Warren Buffett, the second wealthiest person in the US, and his business partner Charlie Munger give their opinions and advice at the Berkshire Hathaway Meeting. Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. The company owns  GEICO, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, and Pampered Chef to name a few. Warren Buffett is considered by many to be the most successful investor in the world, and has been a personal hero of mine.

Along with Bill Gates and 40,000+ attendees, I witnessed the incredible tradition of these great men share their principles on business and making money in the market.

While there were several great lessons, here are my highlights:

  1. Some people try to be brilliant- we just try to stay rational.
  2. A diversified portfolio of big companies can be a great long-term investment.
  3. Some people will over react and be afraid during market downturns, but that can be a great opportunity to buy.
  4. Unfortunately, people sometimes confuse investing with action and gambling on hot trends. That is okay for a period of time until it quits working.
  5. Investing over the long term in good companies can be one of the best ways to reach your investment goals.

Wonderful and simple logic, but not easy to always implement. What a blessing to watch these two investing heroes live and in person! Thank you, Amy.


Legal Disclaimer

More Articles

  • Am I a Good Fit for a Financial Advisor?

    October 25, 2019

    If you aren’t sure you’re ready to hire a financial advisor, you

    Read More

  • The Double Tax Shelter

    September 25, 2019

    This time of year, many in the workforce are going through benefit

    Read More

  • woman-making-a-goals-list

    Financial Review: 5 Steps to Review Your Financial Standing

    July 14, 2021

    Have you checked in on your financial health this year?  If the

    Read More

< Back to Resources