Quotes from Warren Buffett & Charles Munger

Quotes from Warren Buffett & Charles Munger

June 13, 2023

Timeless investment principles and valuable insights for all investors


Warren Buffett and Charles Munger are two iconic figures in the world of investing and business. Known for their wisdom, long-term perspective, and successful track record, they have built Berkshire Hathaway into one of the most valuable and respected companies in the world.

The annual meeting of Berkshire Hathaway, often referred to as the "Woodstock for Capitalists," provides an opportunity for shareholders and the general public to gain insights from Buffett and Munger's wisdom and experience.

At the 2023 Berkshire Hathaway annual meeting, Warren Buffett and Charles Munger shared several interesting quotes that reflect their investment philosophy and approach to business. Here are a few notable ones:

Nothing is Sure

“Nothing is sure tomorrow, nothing is sure next year, and nothing is ever sure, either in markets or in business forecasts, or in anything else.”

Investing 101

"Investing is simple, but not easy. The key is to have patience and discipline." This quote emphasizes the importance of a long-term mindset when it comes to investing. Buffett and Munger have consistently advocated for patience and discipline, stressing that successful investing requires sticking to a well-thought-out strategy and resisting the temptation to react to short-term market fluctuations.

Holding Period

"Our favorite holding period is forever." This underscores the duo's preference for long-term investments. Rather than focusing on short-term gains, they believe in identifying and holding onto exceptional businesses that can generate sustainable returns over the long haul.

On Risk

"Risk comes from not knowing what you're doing." Buffett and Munger emphasize the importance of understanding the businesses and industries in which you invest. They advise investors to stay within their circle of competence and avoid ventures they don't fully understand. According to the two legends, the key to managing risk is having a deep understanding of your underlying investments.

The Importance of Planning

“You should write your obituary and figure out how to live up to it.” Expanding upon this notion, Buffett laid out a model for how to work towards avoiding the sorts of mistakes that take you off of your path, either financially or personally.

The Best Investment

"The best investment you can make is in yourself." Buffett and Munger recognize the value of continuous learning and personal development. They believe that investing in one's own knowledge, skills, and character is the most valuable investment one can make, as it lays the foundation for success in any field.

Wisdom Matters

These quotes from Warren Buffett and Charles Munger at the 2023 Berkshire Hathaway annual meeting demonstrate their timeless investment principles and offer valuable insights for investors and business enthusiasts alike.

Their wisdom, grounded in decades of experience, continues to inspire and guide individuals in their pursuit of financial independence and business excellence.


Important Disclosures

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.

This article was prepared by FMeX.

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