Warren Buffett annual shareholders ’messages: The main fast food

here LCM Capital Management’s Fast food from Warren Buffett’s annual message to shareholders.

Everyone is a human being and they are wrong to own them – Nobody is perfect, not even Oracle, and he said that, he made a lot of mistakes and has the phrase “error” or “error” 16 times in his letters to the shareholders between 2019-2023. The most important thing is what he learned from Charlie Monger Kan, “You cannot wish problems. They require a procedure, no matter how comfortable that is not comfortable“

The death of the 60/40 portfolio is very exaggerated, and the diverse matters and boring investments should be part of everyone’s portfolio – Since the Federal Reserve began a hiking magician for long -distance interest rates, they are talking about it first in January 2021, there was a lot of “experts” who interrogated or mentioned that the traditional bond wallet at 60 %/40 % is sentenced or dead or interrogated the reason for anyone owning. I would like to say that Mr. Buffett will differ“We have helped us with a significant increase in investment income with the improvement of the revenues of the Treasury …”

Investment is the marathon race, not the enemy – Yes, it’s clichés often used in my industry, but my company, LCM Capital Management clearly lives, Mr. Povit believes the same thing, “Over time, we think it is very likely that the gains will prevail.”

Rock stocks Even when the stock market decreases, as in 2025, stocks must always be part of the individual portfolio and not only local shares. The truth is that most Fortune 500 companies are multinational blocs and that diversification can help because the United States is not always the leading performance in the stock market. According to Mr. B, “A large majority of our money is still in stocks. This preference will not change.” Although these companies may be on a local basis “many international operations of importance”

Not Although it may be enjoyable and exciting, most investors have neither the stomach nor the pocket book to speculate or what my company loves to call it “guesses”. Buy and keep good companies (please see above). Mr. Buffett on their investments in Japan and borrowing from the yen said.All at fixed rates, not “buoys”. Greg Abel (The CEO of waiting) I have no vision about future foreign exchange rates, and therefore I ask for almost a position about the confusion of the currency.

There is nothing wrong with paying a lot of taxes, this means that you earned a lot of money – “”Berkshire last year made four payments to the Tax Authority, which total $ 26.8 billion. “ I have not yet found anyone in this 37 -year -old in this work that enjoys taxes, however, if you do this, this means that you have earned money. I only say more than possible because if you have read or followed any of our previous posts on Benzinga, you know that my company hates joint investment funds, in fact, we call them the great American rupture. One of the reasons is taxes. Most joint investment fund investors do not realize that if you bought a box and kept in a taxable account (i.e. other than IRA) and they distribute, you are a debtor to tax on it even if you just bought it or participate in the fund’s gain.

The family first and call, do not send text messages – “My wise sister is a good look, I am speaking regularly on Sunday, using old telecommunications fashion phones.” If you are lucky enough to have brothers, children or parents who are still around or connected to them or do not send messages via email, it is certain that this is easier but as Theodore Roosevelt said, “Nothing deserves to be easy.” Personally, I have lost two friends very intimate, as well as a few children of good friends in the past few years and miss them a lot. Do not miss the opportunity to contact a family member or her boyfriend even if it was just saying “Hello”, trust me, none of you will regret!