5 Great Warren Buffett Quotes That All Retirees Should Read
People can gain much value from the experiences of people who have seen and done so much.
World-famous investor Warren Buffett is a unique personality. The chairman and CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is probably as close to a celebrity as you'll find on Wall Street. Despite the 94-year-old's net worth exceeding $150 billion, his lifelong investing career and skill at distilling wisdom into common-sense jargon have produced a list of timeless quotes.
Some of Warren Buffett's best nuggets can benefit retirees. Handling your investments and finances is crucial in retirement because your income is limited as you age and can no longer work. Here are five wise quotes from Mr. Buffett that all retirees should read.
This famous quote is excellent for any retiree who is still actively investing. People often let prices dictate their feelings and decisions on stocks. People chase expensive stocks because rising prices make them feel good and validated for buying. On the other hand, plunging stock prices cause emotional distress. Many people want to sell and get out to avoid the pain of loss when prices drop. As a result, many investors buy high and sell low, which is the opposite of what they should do.
