I recently attended the Berkshire-Hathaway Shareholders meeting in Omaha (I lost count, but I've attended 30+ of these). This is the first year without Warren sitting on the stage and taking questions. Warren retired (95 years old) in December and turned things over to his hand-picked successor, Greg Abel. Anyway, I always went to pick up some tidbit of investment wisdom (Charlie Munger also had some jewels of wisdom; otherwise, he was famous for saying, "I have nothing to add"). A couple of things that Warren said which have stuck with me: - Stick within your circle of competence. My circle is pretty small, so I don't invest into technology, businesses, or products that I don't understand (or like). - Buy quality investments and buy them with the intent of holding them forever. It just makes sense that if you are going to be one of the company's owners that you understand the company and you buy it with the intention of not selling in the future (not that you would never do that). Also, I am more of a dividend investor. The company's I own pay me monthly or quarterly. I liken it to being a farmer. I don't get too excited about whether my land price (share price) goes up or down - I am most interested in the crop price (dividend). ** Edited by huskerHokie at 5/13/2026, 11:22:30 AM ** Edited by huskerHokie at 5/13/2026, 11:48:05 AM