“Have we ever made an emotional decision?” Warren Buffett asked his long-time business partner and friend, Charlie Munger, at the 2023 Berkshire Hathaway annual shareholder’s meeting. Being emotional with money is common with most people, after all.
Munger, as dry as he always is, answered without thinking1Source: YouTube:
Buffett said that he had never made an emotional investment decision in his life. And Munger agreed.
This was my favorite takeaway from their annual meeting. And it doesn’t come as a surprise. Buffett and Munger are famous for their rational decision-making.
Understanding stock market cycles is essential for any investor. Whether you’re a short-term trader or a long-term investor, it’s important to know how stocks move up and down over time. By recognizing cyclical patterns in the market, you can get better at executing your investing […]
If you sell your stocks now, you’re likely doing so at a loss. In 2022, the S&P 500 closed down nearly 20%, its worst performance in 14 years. The technology index, Nasdaq 100, performed even worse at minus 28% on the year. By the end of […]
Investing in the stock market is dangerous. How do you invest wisely when there are so many investing and market pitfalls that take away investors’ money? It’s like the Brothers Grimm fairytale about the seven poor little goats. In case you forgot or never heard […]