Warren Buffett Just Shared These 3 Valuable Investing Lessons At The 2021 Berkshire Hathaway Meeting

Warren Buffett is arguably the greatest investor of all time. He’s certainly the most successful in terms of absolute wealth.

He’s gone from $0 to $100 billion in his lifetime – purely through investing, and that’s after giving away billions of dollars to charity already. Now, I’m not here to tell you that you, too, can become a billionaire. But we don’t have to become billionaires to be financially independent and do whatever we want with our lives.

I’m nowhere near a billionaire, yet I retired in my early 30s from my car dealership day job. I now live off of the growing dividend income my stock portfolio generates for me. And I can say that I owe a lot of my success to Buffett’s timeless teachings – across both investing and life.

Warren Buffett and Charlie Munger hosted the Berkshire Hathaway annual meeting 2021 this past weekend.

Anytime two billionaires get together and freely express their thoughts, you’re gonna learn something. Well, as usual, they dropped some valuable nuggets on the investing community.

These are totally free lessons that can make all of us better, smarter, and richer investors and people. I want to share with you three of my favorite takeaways from this year’s Berkshire Hathaway annual meeting.

Warren Buffett Lesson #1: Diversification

The first lesson I want to share with you is the importance of diversification.

Buffett showed slides at this year’s meeting comparing the top 20 companies in the world in 1989 to the top 20 companies in the world in 2021.

Buffett used this exercise as an important reminder that because we can’t predict the future, the best thing to do is to diversify our portfolios.

Buffett noted that while the boats in general are moving along at a nice pace, it’s very difficult to pick exactly the right boat at the right time.

Warren Buffett Lesson #2: Everyone makes mistakes

Warren Buffett had to explain and defend numerous questionable investment decisions over the last year.

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William K. 4 weeks ago Member's comment

Interesting advice, although it is a bit generic.