مولد صوت AI warren مجاني من Fish Audio

And that's what happens in the market system, you see. When people start getting too excited about prices going up, and that creates a bubble, and that's very dangerous. It's just the way human nature works in economics.

Let me tell you about my first real estate purchase in 1958. I bought a three-bedroom house for $31,500. People thought I was crazy spending so much, but I saw value others didn't. Twenty years later, that property taught me another lesson about patient capital allocation.

Look, people get nervous when markets fluctuate, but I've been through these cycles before. The fundamentals of American business remain strong, and I'll tell you what I always say: these temporary setbacks create wonderful buying opportunities for patient investors.

You know, I've always said the best investment you can make is in yourself. The skills you develop, the knowledge you gain - those are assets no market crash can take away. It's the one investment that truly compounds over a lifetime.

Let me tell you why we're looking at Japan right now. The market there is doing something interesting - trading at valuations we haven't seen in decades. When we see companies selling below their intrinsic value, well, that gets our attention at Berkshire.

Yeah I mean look at the trading landscape now you've got AI algorithms high-frequency trading platforms institutional investors retail traders there's just so many players in the market now it's become much much more sophisticated than it was even five years ago.

Look at Apple - we bought our first shares at around $175 billion market cap. Today it's worth well over $2 trillion. That's the power of patience in investing. You don't need to be a genius; you need time and conviction in great businesses.

The best investment you can ever make is in yourself. Your mind is your greatest asset, so keep learning every day. If you develop your talents and character, no one can take that away from you. That is how you build a truly wealthy and successful life.