Beginner's Mind

SP 10: Warren Buffett's Wisdom on Emotional Discipline: Highlights from the 2023 Berkshire Hathaway Meeting

August 06, 2023 Christian Soschner Season 4 Episode 36
Beginner's Mind
SP 10: Warren Buffett's Wisdom on Emotional Discipline: Highlights from the 2023 Berkshire Hathaway Meeting
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Show Notes

Ever feel like your emotions are driving your investment decisions? You're not alone. It's a wild ride in the investment world, and it's all too easy to let our emotions take the wheel. But here's a secret from two of the greatest investors of our time, Warren Buffett and Charlie Munger.

In this clip from the 2023 Berkshire Hathaway Shareholder Meeting, they spill the beans on how they keep their emotions in check. They've made their fair share of bad investment decisions, but they've never let their emotions dictate their choices.

This is a game-changer, folks. The market is a roller coaster, and if we let fear and greed take over, we're in for a bumpy ride. But Buffett and Munger remind us to stay cool, calm, and collected.

Investing isn't about making a quick buck or panicking when things go south. It's about making smart choices based on solid research and sticking to your guns, even when the market is doing somersaults.

So the next time you feel your heart racing or your palms sweating over your investments, take a deep breath and channel your inner Buffett. Keep those emotions in check, stay disciplined, and keep your eyes on the prize.

Check out the clip to hear it straight from Buffett and Munger. And don't forget to share it with your fellow investors. The more we learn, the better we can navigate the wild world of investing.

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