There's a key passage in the 2014 Berkshire Hathaway letter to shareholders that helps explain the mindset of Warren Buffet, a man who has made staggering amounts of money over his investing lifetime. Buffet's points in the Saturday letter: volatility is not the same as risk, you should fear dollar-denominated securities more than a stock portfolio and patience is the name of the game - if you try to beat the market, you'll likely fail.
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