---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38814645.md"
description: "Poor Charlie's Almanack $Berkshire Hathaway B(BRK.B.US)A few quotes I find useful: Smart people, after discovering a good opportunity,will go all in heavily, but stay on the sidelines and do nothing the rest of the time.It's a natural law for value to shrink by 50% during long-term holding.If you can't withstand a 50% drop, you don't deserve to be a shareholder.Virtue not matching position: Psychologically fragile people can only achieve mediocre returns.Panicking just because the price falls is a form of cognitive incompetence."
datetime: "2026-02-21T02:13:50.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38814645.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38814645.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38814645.md)
author: "[烧焦的大石头](https://longbridge.com/en/profiles/20136517.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38814645.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38814645.md)


# Poor Charlie's Almanack $Berkshire Hathaway B(BRK.…


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