With a seasoned wisdom born out of decades of astute observation and thoughtful analysis, Warren Buffett urges investors to eschew the siren call of capricious sentiments that too often cloud judgment and lead to grave missteps. For in the delicate dance of financial markets, where fortunes are won and lost amidst the ebb and flow of economic tides, it is the rational mind, steadfast and unswayed by the tempestuous winds of emotion, that emerges victorious.
“We make bad investment decisions plenty of times. I make more than Charlie. I like to think it’s because I make more decisions, but probably my batting average is worse. But, I can’t recall any time in the history of Berkshire that we made an emotional decision,” Buffett said at the 2023 Berkshire Hathaway annual meeting. “You don’t want to be a no emotion person in all of your life, but you definitely want to be a no emotion person in making an investment or business decision.”
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© 2023 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.