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Buffett’s Bullish on Energy Too — Time to Buy Berkshire's Top Holdings?

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Investing With Charles

Buffett's Bullish on Energy Too — Time to Buy Berkshire's Top Holdings?

Charles Sizemore, Co-Editor, Green Zone Fortunes

It’s been called “Woodstock for capitalists.”

Thousands converge on Nebraska for a weekend of market musings from the Oracle of Omaha himself, Warren Buffett.

I'm talking about the Berkshire Hathaway annual shareholder meeting, of course.

I won’t focus so much on what Buffett said in today’s Investing With Charles. To read my takeaways on that front, keep scrolling.

Instead, Research Analyst Matt Clark and I want to dive into how Buffett approached his conglomerate’s portfolio.

Check out today’s video to see if any of these stocks are a buy.

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Buffett: Better to Be "Sane" Than "Smart"

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Charles Sizemore,
Co-Editor, Green Zone Fortunes

Warren Buffett is intelligent, and his wit and wisdom are legendary. But he’s also the first to tell you that his success is not due to superior intellect.

Ages ago, Buffett said: “Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.”

Success here is more about temperament.

And Buffett reiterated this idea at the annual meeting, noting that Berkshire’s success is “not because we’re smart. It’s because we’re sane.”

Buffett has an almost robot-like ability to keep his emotions in check, even through raging bull markets and brutal bear markets. Not every investment works out for him, but his temperament allows him to stay in the game.

I would note that the secret to our own Adam O’Dell’s success is temperament as well.

Here’s why.

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1893: Stocks suffered the worst decline in history during the Panic of 1893. General Electric shares fell 28%! This led to one of the worst economic depressions where unemployment reached 20%, and over 14,000 businesses closed.


   


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