FINANCIAL CONCEPTS BLOG

This week marks the birthday of one of the, if not the, most successful investor the world has ever known. Warren Buffett, the Oracle of Omaha, turns 89. And his wisdom or quotes have been shared many times over. Those who didn't learn from them, were often at least entertained by them. Reading some of those gems in an email today, reminded us that many explain what we believe to be the keys to financial success very simply, and sometimes quite humorously. Below find just a few of our favorite Warren Buffett quotes:

1. Someone's sitting in the shade today because someone planted a tree a long time ago. It all starts with a plan for the future.

Have you ever been to the doctor and stated what WebMd said? I did that once. I told my doctor that my Apple Watch had woken me up to tell me my heart rate was low. He asked, well what did Doctor Apple tell you to do? I got his point. Doctor Apple doesn’t know me or my health. Doctor Apple was reacting to one number.

Last week we sent our friends a letter that explained the Rules of the Financial Classroom. If you didn’t see the letter and would like to, let us know.  Today the financial “experts” on television screamed scary headlines. All were variations of The Sky is Falling.

Everyone knows that July 4th is “America’s birthday.”  It’s the commemoration of our national independence.  A day for fireworks and fun, patriotism and pie.  A celebration of America itself. 

But in a sense, the Fourth of July is even more than that. 

We are all bombarded with information and headlines from various news organizations and social media platforms, 24 hours a day. The power of technology has put a world of information at our finger tips. We are all just one click away from infinite information at any given moment. The more eye-catching the headline the more likely we are to click, read, or watch. And unfortunately, the more dramatic or sensational the story, the better it sells, making it more likely we will tune in and stay glued to the screen. A recent Nielson & Pew Research Center study found that heavy cable TV news viewers watched an average of 72 minutes of news every day…or 26,280 minutes a year.

We are bombarded every day with information that tells us we should be doing something with our money. But sometimes doing nothing is the most important action we can take.