Good morning, happy Monday … I hope you had a wonderful Easter!
“All intelligent investing is value investing. Acquiring more than you are paying for. You must value the business in order to value the stock.”
Charles Munger, vice-chairman of Berkshire Hathaway (Warren Buffett describes Munger as his closest partner and right-hand man)
I came across a 3 ½ minute video from Eventide, one of our mutual fund partners, that I thought was just fantastic. Please take a few minutes to watch it here:
I think so many great points were brought up in this video … sounds like they’ve been reading my Monday morning memos, LOL 😉
I always encourage all of us to stay focused on …
- What we are actually doing when we invest: taking an ownership stake in businesses
and
- What we are seeking to accomplish when we invest: taking money we have today and instead of spending it, choosing to allocate it for a brighter future with the belief that with time, discipline, and patience we will have a greater level of money to spend at that future point
I believe if we stay focused on these goals and objectives all the doomsday headlines, all the talking-head politicians, all the shrieking financial media personalities (who, by the way, don’t know me or and don’t care about my future) will become background noise.
I am a goals-driven, patient, discipled investor in some of the greatest companies the world has ever known. I can think of nowhere else I would rather be. 😊
Thank you for allowing me to be a part of the story you are writing. Make it a great week ahead!