InvestorsHub Logo
Followers 7
Posts 102
Boards Moderated 0
Alias Born 02/10/2014

Re: Stock eyes post# 187164

Tuesday, 09/16/2014 6:38:53 PM

Tuesday, September 16, 2014 6:38:53 PM

Post# of 341663
So true:

Investing for the long term
Individuals need to see that investing is not like placing a wager on the 49ers to cover the spread against the Panthers, but instead it's buying a tangible piece of a business.

It is absolutely important to understand the relative price you are paying for that business, but what isn't important is attempting to understand whether you're buying in at the "right time," as that is so often just an arbitrary imagination.

In Buffett's own words, "if you're right about the business, you'll make a lot of money," so don't bother about attempting to buy stocks based on how their stock charts have looked over the past 200 days. Instead always remember that "it's far better to buy a wonderful company at a fair price."