A fast announcement earlier than I start at present’s put up – My new guide, Boundless, is now obtainable for ordering!
After an exquisite response through the pre-order section, I lastly have the guide in my fingers and am delivery it out rapidly. In the event you’d prefer to get your copy, click here to order now.
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Warren Buffett just lately printed his 2024 letter to shareholders of Berkshire Hathaway. A number of classes, as normal, however the one level that stands out to me is his replace on this 12 months’s AGM in Omaha, the place he’ll be seen for a a lot shorter time than regular.
As I wrote earlier, I made the journey to Omaha last year. For years, I had put it off. There was at all times a purpose. However deep down, I knew that if I didn’t go, I’d remorse it. So I went. It was about sitting in that area, feeling the vitality of over 30,000 individuals who had traveled from everywhere in the world—not simply to listen to inventory market recommendation, however to soak up a philosophy. A mind-set. A way of life.
It was about seeing Buffett, who together with Charlie, had constructed an empire on good selections, widespread sense, and an unwavering dedication to rationality.
It was about taking a look at him and realising that, regardless of his wealth, what made him actually wealthy was one thing else—his ideas, and his capacity to maintain enjoying the sport he liked for thus lengthy.
Charlie’s passing in 2023 was the primary onerous reminder that this period is ending. Buffett’s phrases on this letter (“disbanding the assembly sooner than common time”) really feel just like the second.
Buffett has spent his life instructing folks how to consider cash, however the deeper lesson for me has at all times been about “time.”
Cash, for those who make investments properly, can at all times be earned again. Time can not.
My thoughts says (coronary heart doesn’t agree) that this 12 months could also be Buffett’s final AGM. Or possibly he’ll shock us all and hold going. However whether or not that is the final time or not, personally for me, his message stays the identical: Don’t waste time. Don’t defer what issues. Don’t let life slip by whereas ready for the proper second. In investing, in studying, in residing—act with conviction.
As a result of on the finish of the day, the largest danger isn’t shedding cash. It’s trying again and realising you by no means actually lived.
Anyway, I’ve ready some notes on Buffett’s 2024 letter. Click here to read my notes.
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With respect,
– Vishal
The Sketchbook of Knowledge: A Hand-Crafted Guide on the Pursuit of Wealth and Good Life.
It is a masterpiece.
– Morgan Housel, Writer, The Psychology of Cash
