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Warren Buffett’s Advice to a Middle-aged Man!

person holding a yellow corn

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