Endeavour Wealth Management’s Post

The secret to what differentiates the wealthy from the merely rich?  There is a difference between becoming rich and creating generational wealth.  Charlie Munger and Warren Buffett have used three simple rules to investing, 1. Be patient 2. Do the necessary diligence 3. Do not fall for the fallacy of missed opportunity costs. With $169 Billion in cash on hand, Berkshire Hathaway is in an unique position to buy anything it wants. But should it? Barbara Goodstein, R360 Managing Partner, talked with Frank Holland on CNBC about Berkshire’s earnings. Click below to see what she said….And to see if you have a wealth mindset, visit the R360 homepage and take our simple test to see how you think about wealth. https://lnkd.in/e6eBqQuF https://lnkd.in/eBpaug7R

Trying to pick that one magical stock that will make you rich is a tempting idea, but it’s really hard to predict which stock will be a winner. If you make the wrong choice, you could end up losing everything. Despite the risks in investing, we can reduce risk by spreading investments across various companies and industries rather than concentrating on a single stock. This is called “diversification.” It might not give you the thrill of hitting the jackpot with one stock, but it helps protect your money by reducing the risk of a big loss. Contact the team at Quinn Financial Planning today to learn how to diversify your investments. #quinnfinancialplanning #financialplanner #financialadvice #investmentadvice #investwell #livewell #sydney #executives #businessowners #companydirector #taxplanning #taxreturns

The multifaceted nature of R360 underscores the critical significance of comprehending our six forms of capital, encapsulated by the acronym FISHES. In this interview for CNBC, Barbara Goodstein draws a parallel between Berkshire Hathaway's investment strategy and that of R360. Our mission extends beyond mere financial gain; we are dedicated to fostering resilience within the families of our members, guiding them through the intricacies of generational wealth across all dimensions. The Rising Leaders program and our Legacy Films are some of the tools used to achieve these goals. #legacyplanning #generationalwealth

Zach Miller, CFP® explains how understanding the differences between the public and private markets is crucial for building enduring wealth. Public markets are accessible to anyone—think stocks and bonds that you can buy through a brokerage account. They're open, available, and can be part of any investor's portfolio. On the flip side, private markets are exclusive, where access is key. Top-performing private investments often don't need new investors—they have a queue of people ready to invest. Without access to the best opportunities, your private market investments could either lose value or underperform compared to public markets. For NFL players and high-net-worth individuals, investing in the private sector requires a strategic approach. At AWM Capital, our tailored plans help athletes to access the best funds and continuously maintain that access over the years. It's all about making informed, strategic decisions that can lead to greater financial growth over time. Tune in for our whole conversation today: https://lnkd.in/gUqdiSkG #AWMCapital #AthleteFamilyOffice #MultiGenerationalWealth #NFLPlayersPodcast #NFL #FamilyOffice

Berkshire Hathaway's cash holdings reach a record high as the firm cuts its stake in names like Apple and Bank of America. Want to invest like Warren Buffett? Grow your 'circle of competence.' Smead Capital Management CEO Cole Smead breaks down how investors can trade with a mindset like the famed Berkshire CEO. More: https://lnkd.in/dJmS-_wk #yahoofinance #finance #investing #stocks #markets #wallstreet #money #wealth

Sometimes the best move is to not move, but hold steady. That's a strategy Raymond James Financial has long held despite criticisms when it took years to integrate Morgan Keegan (remember 2012?) and not betting on low interest #rates in 2023. I had an interesting discussion with both outgoing CEO Paul Reilly and incoming CEO Paul Shoukry this week. Here's what they had to say on playing the long game to record #profits, the battle to hold the line against #PE buyouts and what it takes to attract #advisors. #wealthmanagement #finance #technology #raymondjames

It's Investor Education Month at TD and I'm thrilled to be part of a panel sharing tips for beginner investors and traders. We will share some of the biggest investing lessons we've learned during our journey and hope you join us on October 2, 2024 @ 6pm EST. Registration link in the comments below. See you there! #investing #investoreducationmonth #financialliteracy #money #personalfinance TD Wealth

Concentration builds wealth, diversification preserves wealth. Most wealthy people we work with own businesses, are partners in business, or have large equity positions in companies. But once you've gotten to that level most folks want a predictable way to grow without the risk of losing it all. Even Warren Buffet's Berkshire Hathaway owns hundreds of companies through its subsidiaries. #financialplanning #wealthplanning #wealthmanagement #goodstewardsofwealth

🔍Our key takeaways from the Berkshire Hathaway 2024 AGM. 🔍 *Buffett's thinking has evolved with ultimate responsibility for the big decisions falling to Greg Abel to control capital allocation assisted by T&T. This is the same as the current set up with WEB as CEO, compared to greater delegation of investment and decision making, this because there have been question marks over T & T's portfolio performance and the main driver of value for BRK over the last 5 years coming from the outsized Apple and BNSF investments. *Clip includes a nice summary of Berkshire's capital allocation strategy (presented by Greg) to be continued in the same manner following handover. * Berkshire will continue to be a long term compounding machine, although at lower rates than previously due to size, anchoring and market valuations. What are your key takeaways? https://lnkd.in/eYUm4SGz