464- Not-So-Secret Weapon
A crystal ball would be the ultimate tool for any investor, but given that we\u2019re not living in a fantasy world, how do top investors prepare for an uncertain future?\n\nWith the inevitability of market downturns, finding a balance between generating returns and being ready to strike when the iron is hot can be a tricky position to navigate.\xa0 Discovering that equilibrium, along with the patience to hold on through the ups and downs once you\u2019ve bought into a great company, can be what makes or breaks a portfolio in the long run.\n\nOn this week\u2019s episode, the deep analysis of the 2023 Berkshire Hathaway shareholder letter continues as Phil and Danielle wring every ounce of wisdom from Buffett\u2019s annual communiqu\xe9..\n\nFor help with future-proofing your portfolio, click here for a free copy of The Ultimate Stock Market Crash Survival Guide:\xa0 https://bit.ly/3xNXFlf\n\nTopics Discussed:\n\nMunger\u2019s influence on Buffett\u2019s philosophy\n\nInvesting in the information age\n\nMutual funds vs ETFs\n\nModern market volatility\n\nForgoing returns to prepare for downturns\n\n\nResources Discussed:\n\nBerkshire Hathaway shareholder letter\n\nWilshire GDP ratio\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices