Warren Buffett leaves Berkshire Hathaway: 10 quotes that defined a market cycle 📈. Buffett's decision marks the end of an era in which a specific way of understanding the market dominated for decades.
*10 Phrases that Define the Market:*
1. "Price is what you pay; value is what you get" 💸
2. "Our favorite rental period is forever" 🏠
3. "Be fearful when others are greedy and be greedy when others are fearful" 😱
4. "Risk comes from not knowing what you are doing" 🤔
5. "Never invest in a business you don't understand" 🤷♂️
6. "Time is the ally of great companies" ⏰
7. "Forecasts say a lot about who makes them, but nothing about the future" 🤣
8. "You don't have to take every opportunity that comes up" 🙅♂️
9. "The stock market is a mechanism for transferring money from the impatient to the patient" 💵
10. "In the short term, the market reflects opinions and emotions; in the long term, it reflects the real value" 📊
*What do these phrases say about the current market?*
- The market has changed and now demands speed, execution, and constant macroeconomic analysis
- Patience and conceptual clarity remain important, but the context is different
- Capital is more expensive and competition is more intense
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