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“The stock market is a device to transfer money from the ‘impatient’ to the ‘patient’.”
Warren Buffett,
Chairman, Berkshire Hathaway
The Benefit of Patience
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Short-Term
Markets fluctuate greatly, driven by emotion.
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Long-Term
Markets rise, reflecting the true value of the underlying businesses.
Tune Out Short-Term Noise
The market is represented by the S&P 500® Index. Past performance is not a guarantee of future results.
Compounding Long-Term Wealth
The market is represented by the S&P 500® Index. Investments cannot be made directly in an index. Past performance is not a guarantee of future results.
Be Patient and Think Long-Term
“As stewards of our shareholders’ savings, it is important to share the wisdom we have acquired over more than half a century of investing.”
Chris Davis
Portfolio Manager and Chairman
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