Down. Appear for companies with leaders prepared to consider duty in great occasions and in bad. "I really feel great. I love billiga louis vuitton what I do. I function with individuals I love." He is not using his prostate cancer diagnosis lightly. But by the same token he stated, "In all seriousness, it is a nonevent." The medical centre is right down the road from his workplace and he is confident he is in good fingers. Sidekick Charlie Munger even cracked the joke that he resents all the sympathy and attention Warren is getting, saying he most likely has much more prostate most cancers than Warren does. Takeaway: Buffet's using this as seriously as he feels he requirements to. The reality is that when prostate cancer is identified early (as in Buffett's situation), the patient's chances of recovery are ostensibly 100%. Mindset is everything with something like this, and Warren's optimism is merely contagious. Say you personal an ounce of gold these days. You nike free run billigt maintain it, love it, caress it, and consider treatment of it. In 100 years you'll still personal an ounce of gold. Now say you own 100 acres of farmland today. You adore it and take care of it, and in 100 years you will still own one hundred acres of farmland. Nevertheless, you'll also have had the time to create crops to buy more stuff to create much more crops and purchase much more farmland and whatever else you want. The point is that there is a tremendous cycle of production right here, while gold is more or much less an unproductive asset. Takeaway: There is no right or incorrect solution where gold is worried, but we know where Buffett and Munger stand. Effective property are where it's at for them, and I agree wholeheartedly. 4. On what investments we should avoid today Buffett stated that it is not just about avoiding the businesses you do not understand on some degree you can discover about and understand practically anything. The important is to avoid the businesses where you don't have a affordable comprehending in regard to earnings energy and competitive advantage over the subsequent decade and past. It is why they chose not to make investments in powerhouses like Apple (Nasdaq: AAPL) and billiga nike free run skor Google (Nasdaq: GOOG), for example (which have each throttled the marketplace over the last decade). Buffett and Munger did not query the formidability of these businesses. But they just could not billiga air max 90 say with any self-confidence what the competitive landscape was going to appear like at any given time in the long term, so they passed. Takeaway: It's Okay to consider a pass on some thing that is outdoors your scope of understanding. It is one factor to know that a business louis vuitton väska looks fantastic today. It's an additional to know with any self-confidence where it might stand a 10 years from now. If I never go back again I will know that I was in a position
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