The Real, Sensible And Wise Warren Buffett
Last weekend, Warren Buffett, one of the most famous and highly revered investors in the world, held a live online virtual annual shareholder meeting for his company, Berkshire Hathaway. Buffett, a man of almost 90 years old, ran the meeting non-stop for almost 5 hours and again delivered valuable and memorable business, finance and life lessons.
Though many in the internet were quick to point out that this might be the first time Buffett was pessimistic, uncertain and sometimes contradicting, we think this offers a good opportunity for us to see a real and sensible Buffett from whom average investors can learn a great deal.
Buy and hold?
Buffett has been widely quoted to be a buy and hold stock investor: financial advisors, service firms and media often use his name to persuade people to stay the course in stock investing: perpetually buying and holding stocks forever. He himself did have quotes like “Our favorite holding period is forever.” So it was shocking for many to hear that Berkshire Hathaway liquidated all of its four major airline stock holdings in this crisis, most likely during the market bottom in March. So what happened?
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