Why we are in Omaha once a yearand drink a milkshake there
Every year we travel to Omaha for the shareholders' meeting of the American Berkshire Hathaway of Warren Buffett and Charlie Munger
Every year we travel to Omaha for the shareholders' meeting of the American Berkshire Hathaway of Warren Buffett and Charlie Munger. Every year around 40,000 shareholders from all over the world come to Omaha for this one day. This spectacle is also known as the 'Woodstock for Capitalists'. For us as managers of Hoofbosch, this is the time to calibrate our investment clock. We also prefer to invest in value shares for the long to very long term.
A wise lesson from these gentlemen is the statement that: investing is simple, but not easy
A wise lesson from these gentlemen is the statement that: investing is simple, but not easy. All kinds of news allow investors to be led by the issues of the day.
Information comes at you from all sides, which can encourage you to act consciously or unconsciously. But buying and selling shares on the one hand and returns on the other hand are inversely proportional to each other in the long term. Anyone who trades too much will on average achieve lower returns in the long term. Or as Warren Buffett says:
“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes”
A few famous quotes from Warren Buffett
“My youngest grandchild is here today. Don't be scared if he starts crying. His mother probably just told him how the legacy was arranged.” (Read: Buffett always says give your children ‘enough money so that they would feel they could do anything, but not so much that they could do nothing’).
“Charlie (92) always gets much more attention from the ladies than me. The explanation is simple. If you as a lady have to choose between two attractive billionaires, then you choose the oldest.”