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Sunday, 01/20/2019 11:32:07 AM

Sunday, January 20, 2019 11:32:07 AM

Post# of 163969
"The Oracle of Omaha" purchased his first stock Cities Service for $38 and it dropped 1/3 the value weeks after. Holding onto it, it eventually rebounded and he sold at $40. Buffet made a profit of $2 per share but not knowing it yet this was going to be Buffet's greatest lesson. The stock rallied to $200 without Buffet. The Oracle learned one of the most important lessons in investing: patience and timing. Patience and timing are critical, some are missing the big picture here taking profit lol, but like Buffet $2 profit some will have to watch from the sideline and miss out on PROFIT!
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