Warren Buffett suggested investors should ignore pundits in his annual letter to shareholders released Saturday. Buffett advises investors to remain committed to exceptional businesses through fluctuations and to practice patience, allowing compound interest to generate long-term gains. He cautions against risking permanent capital loss, as the stock market increasingly resembles a casino with daily temptations but potential for real losses.
Category
🗞
NewsTranscript
00:00 It's Benzinga and here's what's on the block. Warren Buffett suggested investors should ignore
00:04 pundits in his annual letter to shareholders released on Saturday. Buffett advises investors
00:08 to remain committed to exceptional businesses through fluctuations and to practice patience,
00:12 allowing compound interest to generate long-term gains. He cautions against risking permanent loss
00:17 of capital as the stock market increasingly resembles a casino with daily temptations
00:21 but potential for real losses. Buffett maintains a steadfast investment rule to avoid risking
00:26 permanent capital loss, relying on America's economic momentum and compound interest to yield
00:31 rewards with just a few good lifetime decisions and avoid some major errors. For all things money
00:35 visit Benzinga.com