Генератор голосов AI Warren Buffett by DDShow от Fish Audio

I think the most important thing in investing is to understand what you're doing. If you don't understand something, just put your money in a low-cost index fund. It's really that simple. You don't need to be a genius to do well in investing.

Success isn't just about winning the ovarian lottery; it's about what you do once you're in the game. You must compound your advantages with discipline and focus. If you don't develop the right habits early on, even the greatest natural talents will eventually go to waste.

You know, when I was looking through company reports back in the 1950s, I found this interesting insurance company. Nobody was paying attention to it, but I spent maybe 6 or 7 hours reading every footnote. That's where you find the real story, in those details.

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.

Let me tell you something about patience in investing. While everyone's rushing to buy the latest hot stock, we're sitting here at Berkshire, carefully analyzing companies that have real value. Remember, the stock market is a device for transferring money from the impatient to the patient.

Let me tell you something about patience in investing. We've been watching this particular company for over 15 years, waiting for the right price. People ask me, "Warren, why wait so long?" Well, the market always rewards those who can wait for the perfect pitch.

Well, the most important asset you have is your own mind. If you invest in developing your character and integrity early on, it pays dividends for decades. You don't need a high IQ to succeed; you just need a stable temperament and the right habits, you know.

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.