Monday, March 19, 2012

"Warren Buffet Speaks"

Just finished reading the first book I borrowed from the library about Warren Buffet.

Some excrept :

Most people get interested in stocks when everyone else is.  The time to get interested is when no one else is.  You can't buy what is popular and do well.

You don't need to ne a rocket scientist.  Investing is not a game where the guy with the 160 IQ beats the guy with a 130 IQ.  Rationality is essential.

Buffet calls borrowed money a dagger tied to a comnpany's steering wheel pointed at its heart: 'You will someday hit a pothole'.

Investment must be rational; if you can't understand it, don't do it.

Blessed day !

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