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This soldier thought he was facing death, but it was all just a test. Would you have had the courage to stay, or would you have run?

775,749 次观看 • 1 个月前 •via X (Twitter)

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Warren Buffett on the single best thing an investor could have done in 1942: At a recent shareholder meeting, Buffett explains that he normally goes straight into questions and answers. But this time he opened differently, because he felt the usual format was teaching the wrong lesson. As he puts it, "all the questions would naturally tend toward current events." So he went back to 1942, the year he bought his first stock, to make a point about everything that has happened since. "We've had 14 presidents, seven Republicans, seven Democrats. We've had world wars. We had 911. We had the Cuban missile crisis. We have all kinds of things." His lesson? None of it should have changed what you did with your money. "The best single thing you could have done on March 11th, 1942 when I bought my first stock was just buy an index fund and never look at a headline, never think about stocks anymore. Just like you would do if you bought a farm. You just buy the farm and let the tenant farmer run it for you." Then he gives the number. Buffett describes putting $10,000 into an index fund that reinvested dividends, and he pauses to let the audience guess what it would be worth. The answer: "it would come to $51 million now." The only belief required back then was simple: "The only thing you had to really believe in then is that America would win the war and that America would progress as it has ever since 1776. And that American business, if America moved forward, American business would move forward." Notice what he says you did NOT need: "You didn't have to worry about what stock to buy. You didn't have to worry what day to get in and out. You didn't know the Federal Reserve would exist."

Black Edge

16,436 次观看 • 2 个月前