Video Link: https://youtu.be/4d2LgOb6g5Q
[My Takeaway]
1. Focus on what the business is worth. Marco factors have nothing to do with investing when it comes to investing into a business. 2. Test whether you are buying a business; Ask yourself, would I be happy buying this stock if the market closed for five years? If you said "Yes," then you are buying a business. If you don't said "Yes," then you may not be focusing on the proper thing.
[Full Videos of Berkshire Hathaway Annual Meeting 1997]
https://buffett.cnbc.com/1997-berkshire-hathaway-annual-meeting/
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
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[My 2 Cents]
'Key thing in economics, whenever somebody makes some assertion to you about economics, you always want to say, “And then what?” ~Warren Buffett