Nobody pays attention to any news coming out of Pittsburgh, as reflected by the stock price. Nobody is investing in our CEO.
In fact, those millions of dollars sitting on the sidelines I have mentioned here are going in different directions. They WILL NOT invest in IVDN as long as Joe Riccelli is running things.
IVDN is a great example on how not to run a company.
With IVDN now clearly on track for a record sales year in 2024 and even more to come after that, this classic investment principle is quite appropriate:
The stock market is a device for transferring money from the impatient to the patient.
Analysis of the quote
The quote “The stock market is a device for transferring money from the impatient to the patient” was written by none other than Warren Buffett, widely regarded as one of the greatest investors of all time. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company with a diverse portfolio of businesses in insurance, energy, railroads, manufacturing, and retail. As of the 2nd of March 2023, the oracle of Omaha has amassed a net worth of more than $100 billion over the course of his career, owing largely to his astute stock market investments. Buffett’s investment philosophy revolves around identifying high-quality companies with strong competitive advantages and investing in them for the long term, often with a holding period of 10 years or even more. A strategy also known as value investing. Source: https://www.simtrade.fr/blog_simtrade/the-power-of-patience-advice-from-warren-buffett/#:~:text=The%20quote%20%E2%80%9CThe%20stock%20market,greatest%20investors%20of%20all%20time.
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