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Wednesday, 09/17/2014 12:34:15 AM

Wednesday, September 17, 2014 12:34:15 AM

Post# of 402292
"With a wonderful business, you can figure out what will happen but you can't figure out exactly when it will happen. So don't focus on when, just focus on what. If you're right about what, you don't have to worry about when". (Possibly an approximate quote from Buffett).

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."

Investing for the long term:
Individuals need to see that investing is buying a tangible piece of a business not a pps !
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