CNBC Acorns: “The investment strategy that’s still making Warren Buffett rich”
CNBC Acorns, May 3, 2022 — Marguerita Cheng, CFP® Pro is featured in today’s article by Sofia Pitt who explains, “Warren Buffett, the legendary 91-year-old investor, and Berkshire Hathaway CEO, is still living by the investment advice he’s been preaching for decades: Purchase stocks of companies you understand and see value in for the long term.”
At Berkshire Hathaway’s annual shareholders meeting Saturday, the Oracle of Omaha answered questions alongside Berkshire’s vice chairman, Charlie Munger. He reiterated to an audience of tens of thousands of investors that he has stuck to his value investing strategy, which focuses on a company’s potential to succeed as a business and deliver returns into the future.
“We have not been good at timing. We’ve been reasonably good at figuring out when we were getting enough for our money,” Buffett said Saturday.
Marguerita shares that investing successfully is not about timing the market.
“Especially for young investors, it’s not about timing the market — it’s about time in the market,” Marguerita told Grow. “If you’re a long-term investor Buffett’s advice is to invest in companies you believe in.”