November 15, 2024
warren-buffett-chairman-ceo-berkshire-260nw-353934110

Warren Buffett’s Berkshire Hathaway has beaten the broader market so far this year. But the Oracle of Omaha wasn’t willing to declare himself an investing genius during Saturday’s annual shareholder meeting.

Buffett simply said that the Berkshire Hathaway (BRKB) strategy is all about making rational decisions and investing for the long haul.

“It’s not because we’re smart. It’s because we’re sane,” Buffett said during the meeting of Berkshire (BRKA) investors.

Buffett brushed off compliments from one questioner about how he times the stock market so well. Buffett said that he never really knows what stocks or the economy will do in the short-term.

He also joked that his bullish bets on the market often look bad at first, saying that he spent a big portion of his net worth in 2008 during the Great Recession buying stocks at “a terrible time … a really dumb time.” Berkshire made investments in Goldman Sachs and General Electric, among other blue chips, before the market finally bottomed in March 2009.

12 thoughts on “Buffett says Berkshire’s success is more about being ‘sane’ than ‘smart’

  1. A fascinating discussion is worth comment.
    I do think that you need to write more about this topic, it may not be a taboo subject but usually people do not speak about
    such topics. To the next! Many thanks!!

  2. Hi, i read your blog from time to time and i own a similar
    one and i was just curious if you get a lot of spam remarks?

    If so how do you reduce it, any plugin or anything you can suggest?
    I get so much lately it’s driving me crazy so any help is very
    much appreciated.

  3. Someone necessarily assist to make significantly posts I’d state.

    That is the first time I frequented your web page and to this point?
    I surprised with the research you made to create this
    actual put up extraordinary. Wonderful activity!

  4. Do you have a spam problem on this website; I also am a blogger,
    and I was wanting to know your situation; many of us have
    created some nice practices and we are looking to trade methods
    with other folks, why not shoot me an email if interested.

  5. Someone necessarily lend a hand to make severely articles
    I’d state. This is the very first time I frequented
    your website page and up to now? I amazed with the research you made to make
    this particular submit extraordinary. Wonderful activity!

Leave a Reply

Your email address will not be published. Required fields are marked *