Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Quote of the month! Talk about comparing apples to oranges.

Warren Buffett's advice on daily prices:

4. "With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations."

If you focus on the daily prices of your stocks, not only is this unproductive, but it tends to cause investors to make reckless decisions. When the market is panicking, investors who watch their portfolio constantly tend to panic as well and sell their stocks at rock-bottom prices. And, when investors see trendy stocks going up and up, they see everyone else is making money and get greedy, buying shares while they're expensive. The basic point of investing is to buy low and sell high, but price-watching encourages the opposite.

As Buffett said, "If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays."

http://www.fool.com/investing/general/2016/02/21/6-warren-buffett-lessons-you-can-apply-to-any-inve.aspx

How many great restaurants have you been to only to see that they've close a year later?