Every year, tens of thousands of investors flock to Omaha — and many more tune in around the world – to watch Berkshire Hathaway chairman Warren Buffett field questions from shareholders at his company’s annual meeting.
This year, as ever, Buffett shared his insights not only on the financial fundamentals behind Berkshire’s many subsidiaries and portfolio companies, but also the path to a successful life.
This year’s entire 4-plus-hour affair is worth a watch, listen or read. But without getting into the nitty-gritty, here’s two key pieces of advice Buffett shared on Saturday — one about money, and one about life.
On smart investing: ‘We never worried about missing something we didn’t understand’
One shareholder asked Buffett about one of the most fundamental decisions any investor can make: when to buy or sell an investment.
The description of the process he and longtime partner Charlie Munger employed offers tremendous insight to his investment philosophy.
“Charlie and …