Buffett always makes great points in his annual letter. This year is no exception.
While it has not been a great year for Berkshire Hathaway, he is moving forward in classic Buffett style. He will hold cash until he finds great opportunities. Then.... the returns will be monstrous.
FOMO is the fear of missing out. In late stages of a bull market people see others getting great returns and decide to either come back into the equity markets or jump into equity markets for the first time.
