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Here are four takeaways from his latest letterworth applying to your financial life this year.
A decent batting average in personnel decisions is all that can be hoped for, he added.
They require action, however uncomfortable that may be.
That preference wont change.
He believes that ownership, especially in solid and long-term assets, is how youbuild and protect wealth.
In his annual letter, Buffett reflects on how a few choices made all the difference.
And our experience is that a single winning decision can make a breathtaking difference over time.
Mistakes fade away; winners can forever blossom, he said.
The companys operating businesses grew stronger and his focus remains on the long term.
Over time, we think it highly likely that gains will prevail why else would we buy these securities?
Though the year-by-year numbers will swing wildly and unpredictably, he said.
Our horizon for such commitments is almost always far longer than a single year.
In many, our thinking involves decades.
These long-termers are the purchases that sometimes make thecash register ringlike church bells.
So, dont panic when the markets feel shaky.
Zoom out and understand that not every year will be a winner.
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