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Saturday, 06/28/2014 2:12:34 PM

Saturday, June 28, 2014 2:12:34 PM

Post# of 287
Just catching up on reading this weekend. I read somethings that I sometimes forget by Warren Buffet and Collins.

Buffet: The financial markets are designed to transfer money from the active to the patient.

In the book Great by Choice, Collins concludes that companies that changed constantly did worse.

Bottom line: do your homework buying undervalued companies with high growth that have solid management and leave them alone. In the short-term our ability to predict the markets is same as trying to predict what others are having for breakfast tomorrow (Robert Shiller, Nobel prize winner) - not very good.

It is why the majority of fund managers can't beat the S&P500.