Warren Buffett’s Best Quotes in 2022 (From TheStreet.com) [5 Images]
~ Wednesday, December 14, 2022 Blog Post ~
I’m a huge Warren Buffett fan. In fact, I have some of his best-selling books on my shelf, such as “The Warren Buffett Way” by Robert G. Hagstrom, “The Snowball: Warren Buffett and the Business of Life” by Alice Schroeder, and “The Warren Buffett Stock Portfolio: Warren Buffett’s Stock Picks: When and Why He Is Investing in Them” by Mary Buffett.
I also love his quotations, especially this statement from his Berkshire Hathaway Letters to Shareholders:
“Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.”
— Warren Buffett, Berkshire Hathaway Letters to Shareholders
- Warren Buffett, Berkshire Hathaway Letters to Shareholders (Sheena Ricarte’s official Instagram account, December 2022)
I found this article posted online by TheStreet.com yesterday and I want to make it a part of my blog.
Berkshire Hathaway’s Warren Buffett’s Best Quotes of 2022
At 91, the Berkshire Hathaway boss still has a lot to say (and you should probably listen)
By BRIAN O’CONNELL, December 10, 2022
Warren Buffett is the ultimate buy-and-hold investor and his wisdom has served investors well for almost six decades.
His company, Berkshire Hathaway, generated more than $276 billion dollars in 2021 and is the leading insurance company in the world.
Barely a month ago, Berkshire Hathaway (BRK.A) — Get Free Report (BRK.B) — Get Free Report reported its operating profit increased by 20% during the third quarter, while buybacks were limited to $1.1 billion, below its 2021 level.
Apple (AAPL) — Get Free Report remains its top stock holding, followed by Bank of America (BAC) — Get Free Report, with oil giant Chevron (CVX) — Get Free Report as the third largest holding in its portfolio of stocks. The conglomerate’s operating profit increased to $7.8 billion after taxes, beating Wall Street expectations. The increase was the result of a gain in income from its investments as Berkshire made the right bets on higher short-term interest rates from its $109 billion of cash and equivalents.
Known as one of the savviest dividend-focused companies in Wall Street history, Buffett’s Berkshire Hathaway received $800 million in dividends from one company alone in 2021 — Apple. Ironically, Berkshire Hathaway does not pay a dividend to its shareholders.
Buffett is also a trailblazer on the work-life balance front. Despite running one of the largest companies in the world (He’s been the CEO at Berkshire since 1964), Buffett does not send emails, does not check social media, and doesn’t own a mansion or a fleet of luxury vehicles.
All he does is pick stocks, and when he does so, seemingly everyone wants to hear about it.
That’s the case this year, as well.
Top 2022 Quotes from Warren Buffett
Here are some of Warren Buffett’s top quotes in 2022.
- “We will always have a lot of cash on hand.” — On Berkshire’s famously cautious investment philosophy.
2. “You don’t hear that kind of welcome for index funds.” — Upon receiving a standing ovation at the 2022 Berkshire Hathaway shareholder meeting.
3. “Inflation swindles almost everybody. (But) the best protection against inflation is your own personal earning power…No one can take your talent away from you. If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.” — On talent.
4. ‘Obviously, we haven’t the faintest idea what the stock market’s going to do when it opens on Monday. Charlie and I, in all the time we’ve worked together, we’ve never made a decision on buying or selling based on what the market’s going to do. — On his stock market investment philosophy.
The Oracle of Omaha also cited the following statements:
5. “The two of us are 190 years old,” — On the combined age of Buffett, 91, and right-hand man Charlie Munger, 98.
6. “As usual, Charlie has given the full answer, but I’ll still talk more and say less.” — On Berkshire’s decision to avoid T-Bills recently.
7. “Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres. “If you do it at the right price, there’s nothing better than buying back part of your own business.” — On the advantages of stock buyback programs.
8. “Sometimes markets do crazy things. That’s good for Berkshire, not because we’re smart…but because we’re sane.” — On “crazy” investment strategies like options trading and high-frequency trading.
9. “I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire. But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.” — On why he avoids politics.
- Warren Buffett, Berkshire Hathaway Letters to Shareholders (Sheena Ricarte’s official Instagram account, December 2022)
References:
https://www.marketwatch.com/story/12-stocks-a-young-warren-buffett-would-buy-today-2015-05-05
https://www.thestreet.com/investors/warren-buffetts-best-quotes-of-2022
