Price is what you pay. Value is what you get.
Risk comes from not knowing what you're doing.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
The investor of today does not profit from yesterday's growth.
The only time to buy these is on a day with no "y" in it.
Time is the friend of the wonderful company, the enemy of the mediocre.
Value is what you get.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".
Wide diversification is only required when investors do not understand what they are doing.
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
reference:
www.brainyquote.com/quotes/authors/w/warren_buffett.html
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