|
|
 Email |  Discuss | Get latest news on your desktop
Why Warren Buffett invested in Goldman Sachs
September 26, 2008
Doing nothing pays at times
Never be disappointed when markets fall. Take it as a buying opportunity.
Avoid diversification. Invest in companies with sound business models. Choose a few good ones and stay invested, it will give you the benefits.
I don't look to jump over 7-foot bars; I look around for 1-foot bars that I can step over."
Doing nothing pays at times! One must not jump at price fluctuations and take impulsive decisions.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
If a business does well, the stock eventually follows.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Image: Warren Buffett wears a traditional Druze cap given to him by an unidentified Druze man (R) after his press conference with Iscar founder Steff Wertheimer (2nd L) and Buffett's business partner Charlie Munger (L) at the Iscar Metalworking headquarters in northern Israel. | Photograph: David Silverman/Getty Images
Also read: India's highest paid CEOs
|
|
|
Advertisement
