|
|
 Email |  Discuss | Get latest news on your desktop
Why Warren Buffett invested in Goldman Sachs
September 26, 2008
Don't look at stocks, look at business
Focus on not losing money rather than making it. Don't own any stock for 10 minutes that you wouldn't own for 10 years.
It is not necessary to do extraordinary things to get extraordinary results.
Buffett says one must invest in 'old economy' businesses, companies that have been around for fifty years and will continue to have a long innings.
You don't need to be a genius to succeed in the stock markets. People who can stay cool will succeed in the long run.
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
Invest in businesses with great management. Always keep a track of the management of the company.
Don't target just stocks, look at businesses.
Image: Treasury Secretary Henry Paulson (L) and Warren Buffett, participate in a panel discussion at Georgetown University in Washington, DC. | Photograph: Chip Somodevilla/Getty Images
Also read: 10 things to know about Jaguar-Land Rover
|
|
|
Advertisement
