Editor’s Note: Nate Tucci went LIVE to share
3 Tickers He’d “Bet the House On” with special guest Roger Scott! Watch here!
I visited a new dentist last week…
Well, truth be told, it was the same dentist’s office; they just switched actual dentists. I didn’t really know they could do that. But anyway.
While I was in the chair, the dentist asked me what I do for a living. And since “ProsperityPub Editor-in-Chief” always leads to a much longer conversation, and I was in a dentist’s chair, I just said “oh, I work with the stock markets.”
He smiled and asked: “Oh, so do you know Warren Buffett?”
I don’t, of course, but it’s kind of a telling example of just how totemic and iconic Warren Buffett’s presence over the stock market really has been.
It feels almost cliche to talk about Buffett and share his advice, but if there’s anyone whose advice is worth sharing, it’s probably the guy with a better stock market track record than any other human being in history.
Just take a look at this insane tweet:
Berkshire has generated a 5.5 MILLION percent return since 1964.
A $10,000 investment back then (which, to be fair, was a lot more money in 1964) would have turned into $550 MILLION today.
That’s the easiest way to capture just how successful Buffett has been in his career.
And this weekend, he announced that he was stepping down as the CEO of Berkshire Hathaway, bringing an end to the longest tenure of any S&P 500 CEO.
Buffett, who will turn 95 in August, still seems as sharp as ever. His advice still rings as true as ever. But at year’s end, he’ll step aside and give the reins to Vice-Chairman Greg Abel.
I appreciate Buffett because he never seems to make the stock markets harder than they have to be.
Of course, investing has challenges. Of course, you have to be smart with your money.
But Buffett has never seemed overwhelmed, he never seems to lose his cool. He’s calm and collected at all times.
It’s something we could all use to learn from, to copy that attitude of quiet resolve, no matter what the markets throw at us.
It’s a big week in the markets. Earnings are continuing. President Trump is constantly talking of trade deals that have, as of yet, not materialized. And of course, we’ve got a Fed meeting coming on Wednesday that could be a lightning rod for volatility.
Best to take the Buffett attitude and not let it bother us too much.
Keep your head down, trade smart, and the rest should take care of itself.
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
