Anyone Buy YSYB Before May 14th, 2009?
(( YSYB WAS $3.00 To $3.50 back then ~ per share. ))
If nobody has, then it’s not been at least TEN YEARS of ‘Long Value’ patience for a ‘Long Value’ YSYB Stock.
There’s nothing to complain about until 10 years has transpired. Compounding takes Long Value to achieve.
( For us, IMHO: We don’t rely on the masses for reasoning about the facts. )
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“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” ~ BUFFETT
"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.”~ BUFFETT
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“The stock market is designed to transfer money from the active to the patient.”
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”
“Price is what you pay. Value is what you get.”
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
"In the short term, the market is a popularity contest. In the long term, the market is a weighing machine."
"The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
“I also think that capitalism does involve regulation and it involves taking care of people who are left behind, particularly when a country gets enormously prosperous.” ~ 2019 shareholders meeting.
“I would not get excited about so-called alternative investments.”
“The idea that value is somehow connected to book value or low price-earnings ratios or anything – as Charlie has said, all investing is value investing. You’re putting out some money now to get more later on. And you’re making a calculation as to the probabilities of getting that money and when you’ll get it and what interest rates will be and all the same calculation goes into whether you’re buying some bank at 70% of book value or you’re buying Amazon at some very high multiple of reported earnings.”
“It’s the two things you can’t buy: time and love. I’ve valued those for a long time. I’ve been very, very, very lucky in life in being able to control my own time to an extreme degree. Charlie’s always valued that too. That’s really why we wanted to have money was so we could do what we damned pleased basically in our lives.” – Warren Buffett (on what he values most in life). ~ 2019 shareholders meeting. ~ Buffett quotes.
Worth pondering!
Go YSYB!
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