Lessons from the Oracle of Omaha
What to do when markets get rough?
Volatility? . . . Warren Buffett offers three steps
- Turn "off" the stock market
- Don't worry about the economy
- Buy businesses, not stocks
Warren's Memorable Quotes:
"The basic ideas of investing are to look at stocks as businesses, use market fluctuations to your advantage, and seek a margin of safety."
"It's bad to go to bed at night thinking about the ‘price' of a stock. We think about the ‘value' and company results. The stock market is there to serve you, not instruct you."
"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be mis-appraised."
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
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Our Advantage, The Benefits of Active Portfolio Management with CPMS
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