مولد الصوت AI Charlie Munger بواسطة Fish Audio

You see, the fundamental principle of investing isn't about making quick profits. I've spent decades building Berkshire by focusing on value, buying wonderful businesses at fair prices. The market rewards patience more than cleverness.

The fundamental problem with most investors is they're always trying to get rich quick. It's like trying to catch fish by draining the pond. The sensible approach is to find good businesses at reasonable prices and then show the patience of Job.

Look at these young investors chasing every new technology stock. I'll tell you what's going to happen: they'll learn the same lesson every generation learns. The market has a way of teaching humility, and it's never a gentle teacher.

Look, when everyone's rushing to buy the latest hot tech stock, I'm reminded of something I learned decades ago in Omaha: the market is a device for transferring money from the impatient to the patient. Don't let excitement override your judgment. Wait for value to show itself.

You know, I've been watching these cryptocurrency developments, and I have to tell you, I don't fully understand it. It might be revolutionary technology, but I stick to businesses I can understand. That's always been my approach to investing.

The American forces approached Berlin's outskirts in April 1945. The once-proud capital was now a maze of rubble and barricades. Lieutenant James Wilson, commanding a Sherman tank unit, watched as artillery fire illuminated the night sky. The Brandenburg Gate stood silently ahead, a witness to history's turning point.

You see, investing is really quite simple, but not easy. It's like having a good diet - everybody understands the concept, but the discipline to stick with it is what separates success from failure. That's why patience is so valuable in business.

It’s remarkable how much long-term advantage we get by trying to be consistently not stupid, instead of trying to be very intelligent. Most people chase complicated miracles, but the real gains come from basic arithmetic and extreme patience. Avoid the standard mental traps and let time do the heavy lifting.