3 investing lessons Warren Buffett shared at the 2021 Berkshire Hathaway meeting

SourceCNBC
SectorEconomy
CountrySaudi Arabia

Investing legend Warren Buffett shared some words of wisdom during the annual Berkshire Hathaway meeting on Saturday.Before answering shareholders’ questions, company chairman Buffett specifically addressed those who aren’t necessarily invested in Berkshire Hathaway, but those who “have entered the stock market in the last year,” he said, as “I think there’ve been a record number that have entered the stock market.””I have [a few] very short lessons for perhaps the new investors,” Buffett said.

Stock-picking is more difficult than it may seem

Buffett warned against investing in individual stocks, as “I do not think the average person can pick stocks,” he said.”I would like particularly new entrants to the stock market to ponder just a bit before they try and do 30 or 40 trades a day in order to profit from what looks like a very easy game,” Buffett said.To illustrate the difficulty of achieving success when stock-picking, Buffett first shared a list of 20 stocks with the largest market capitalization...read more...