3rd October 2011,Monday
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
Never invest in a business you cannot understand.
Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.
Stop trying to predict the direction of the stock market, the economy,Interest rats or elections.
Be fearful when others are greedy and greedy only when others are fearful.
It is optimism that is the enemy of the rational buyer.
As far as you are concerned, the stock market does not exist. Ignore it.
It is more important to say "no" to an opportunity, than to say "yes".
Buy a business, don't rent stocks.
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Always invest for the long term.
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
Never invest in a business you cannot understand.
Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.
Stop trying to predict the direction of the stock market, the economy,Interest rats or elections.
Be fearful when others are greedy and greedy only when others are fearful.
It is optimism that is the enemy of the rational buyer.
As far as you are concerned, the stock market does not exist. Ignore it.
It is more important to say "no" to an opportunity, than to say "yes".
Buy a business, don't rent stocks.
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Always invest for the long term.
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