BUFFETT’S 2023 ANNUAL LETTER – AESOP’S FABLE
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.
SLOW AND STEADY BEATS HOPE! – AESOP’S FABLE: THE HARE AND THE TORTOISE
It has been decades since I first heard this tale. The hare didn’t lose the race because of the tortoise: He lost the race because of himself. His arrogance and self-confidence defeated him.
The moral of the Story: Slow and steady wins the race!
There is always a next great investment. The list goes on: AMC Stock, Bitcoin, GameStop, Cryptos, Gold, Silver.
BUFFETT’S 2023 ANNUAL LETTER
“Buffett’s 2023 annual letter to Berkshire Hathaway investors highlighted the growing volatility in the stockmarket, largely driven by retail investors and the craze surrounding meme stocks. He likened the current market environment to a casino, where investors engage in rapid trading, hoping for big wins.
Sage of Omaha pointed out that the proliferation of stock trading apps has fueled this casino-like atmosphere, enabling investors to make impulsive decisions based on market swings. He underscored the temptation faced by individuals who can now easily trade from the convenience of their homes.
Don’t listen to pundits and ‘experts’
Berkshire Hathaway epitomizes Buffett’s disciplined investment approach, disregarding the chatter from market pundits and speculative investment fads.
Buffett’s message underscores the importance of maintaining a calm and steady approach to investing, rather than being swayed by market speculation and short-term trends.
He highlights the enduring strength of the American economy and the opportunities it presents to patient and discerning investors. By exercising patience and tuning out external noise, investors can potentially achieve long-term success in the market.
Understanding your investments is key to success.
In his letter to Berkshire Hathaway investors, Warren Buffett praised the enduring success of American Express(NYSE: AXP) and Coca-Cola (NYSE: KO), emphasizing their longstanding positions in the company’s portfolio. Despite market changes, Berkshire Hathaway remains committed to these iconic brands, reflecting a dedication to long-term strategies.
Buffett’s decision to hold onto American Express and Coca-Cola shares throughout 2023 shows his confidence in their strength, resilience, and dividends. His patience was rewarded with a Coca-Cola dividend increase earlier this month.
This strategy possibly explains why Buffett has mainly steered clear from AI and technology stocks, such as Nvidia (NASDAQ: NVDA) despite their astronomic surge.”
To read the 2023 annual letter, click below:
The paths to financial freedom are UNLIMITED. CHOOSE YOUR OWN!
LET’S MAKE SOME MONEY – CRYPTOCURRENCY, ANYONE?
WHAT SUBJECTS DO YOU WANT TO READ NEXT? WHAT QUESTIONS CAN I ANSWER? UNTIL NEXT TIME!
YOUR GREATNESS IS NOT WHAT YOU HAVE; IT’S WHAT YOU GIVE! – SOME CHARITIES I SUPPORT
St Jude Hospital: The mission of St. Jude Children’s Research Hospital is to advance cures and means of prevention for pediatric catastrophic diseases through research and treatment. Consistent with the vision of our founder Danny Thomas, no child is denied treatment based on race, religion, or a family’s ability to pay.https://www.stjude.org/
Wounded Warrior Project: An American charity and veterans service organization that offers a variety of programs, services and events for wounded veterans of the military https://www.woundedwarriorproject.org
Folds of Honor: Providing life-changing scholarships to the spouses and children of America’s fallen or disabled military. And now, our mission expands to the families of America’s first responders. On our watch, those who protect our freedoms and our families will know they are not forgotten. https://foldsofhonor.org
Wilson’s No-Kill Animal Shelter: A N0-Kill shelter that is a top-rated non-profit. They compassionately care for all their animals. https://wcnkas.org
Tunnel To Towers: Since 9/11, we have been helping America’s heroes by providing mortgage-free homes to Gold Star and fallen first responder families with young children and by building specially adapted smart homes for catastrophically injured veterans and first responders. We are also committed to eradicating veteran homelessness and helping America to Never Forget September 11, 2001. https://dogood.t2t.org/give/320847/#!/donation/checkout
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ABOUT ME
I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an NC. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
DISCLAIMER
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, and real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.
