Warren Buffett and Charlie Munger have a lot of wisdom and knowledge that we can learn from. During the Berkshire Hathaway meeting they were asked many market questions and what their predictions were. The billionaires mostly deflected these questions by saying "we don't know, but we're optimistic." We can apply this mindset to our industry and clients.
When you're meeting with your clients are you teaching them to be optimistic? Often times our clients spend time listening to the media which creates a sense of fear. Teaching our clients to be optimistic and have confidence in their financial plan is something financial advisors should adopt.
If you found this video helpful please share! And check out our first Berkshire video: Chasing Performance.