Long Term Stocks

[gfp927z]

Pearls of wisdom from the Oracle -


"Success in investing doesn't correlate with IQ ... what you need is the temperament to control the urges that get other people into trouble in investing."

"There is nothing wrong with a 'know nothing' investor who realizes it. The problem is when you are a 'know nothing' investor but you think you know something."

"Never invest in a business you cannot understand."

"The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch."

"An investor should act as though he had a lifetime decision card with just twenty punches on it."

"Price is what you pay. Value is what you get."

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

"If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."

"After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them."

"Only when the tide goes out do you discover who's been swimming naked."

"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."

"Cash ... is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent"

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table."

"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."

"This does not bother Charlie [Munger] and me. Indeed, we enjoy such price declines if we have funds available to increase our positions."

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks."

"For 240 years it's been a terrible mistake to bet against America, and now is no time to start."

"Among the various propositions offered to you, if you invested in a very low cost index fund -- where you don't put the money in at one time, but average in over 10 years -- you'll do better than 90% of people who start investing at the same time."


https://www.msn.com/en-us/money/savingandinvesting/20-tips-from-warren-buffett-on-weathering-a-market-downturn/ss-BB12hUJq?li=BBnb7Kz&ocid=mailsignout#image=10