Economics Quote by Warren Buffett
“I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.”
About This Quote
Source Letter to Shareholders, Berkshire Hathaway, 2017
Invest based on long‑term economic trends, not daily market fluctuations.
In simple terms: Focus on economy, not daily market moves.
Key Takeaway
Prioritize macro trends over short‑term news.
Themes
investment
economics
patience
Mood
analytical
pragmatic
Type
financial
motivational
When to use this quote
- portfolio planning
- retirement saving
- business analysis
- risk assessment
Key Concepts
value investing
market cycles
economic indicators
Questions to Reflect On
- What economic signs guide your decisions?
- How do you stay patient during market swings?
A Different Perspective
Short‑term volatility can still impact long‑term goals.
