Despite all the boom and bust cycles of the past, Warren Buffett notes that when it comes to people learning from the past, there is one very important lesson that can benefit investors.
“What we learn from history is that people don’t learn from history,” Warren Buffett said at the 2004 Berkshire Hathaway Annual Meeting. “And you certainly see that in financial markets all the time.”
Hear Buffett’s full explanation
© 2021 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.