Friday, September 7, 2012
Warren Buffet turns 82 years young today. Here are few of his most memorable quotes
"Rule No. 1: never lose money; rule No. 2: don't forget rule No. 1"
"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
"The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"
"Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway."
"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down."
"Bad things aren't obvious when times are good, after all, you only find out who is swimming naked when the tide goes out."
"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."
"Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."
I am the GUY that will make a difference! I specialize in selling homes in the in the Okanagan Valley including Westbank, West Kelowna, Peachland with a focus on Rose Valley, Lakeview Heights, West Kelowna Estates and Shannon Lake.
Karen Guy, REALTOR® Coldwell Banker Horizon Realty
C 250.878.3605 O 250.768.8001 http://www.connectwithkaren.com/