Warren Buffett’s Annual Letters to Berkshire Hathaway, Inc. shareholders are filled with valuable insights on investing and on life in general. I am a believer in Passionate Patience and was grateful to find patience highlighted in the 2022 Annual Letter. Here are a couple of quotes Buffett shares about patience from his friend and business partner Charlie Munger:
The world is full of foolish gamblers, and they will not do as well as the patient investor.
Patience can be learned. Having a long attention span and the ability to concentrate on one
thing for a long time is a huge advantage.
Beyond the highlighted quotes, the theme of the power of patience underscores Buffett’s entire letter. Read the 2022 Berkshire Hathaway, Inc Annual Letter to Shareholders, here:
BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.: Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.....
With Love,
P. Gustav Mueller, author of The Present