Wise Wealth Advisors

D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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Warren Buffet Speaks….(2)

Posted by Muthu on November 28, 2008

This the second part of the quotes from Warren Buffet. Let’s listen to what the Master says…….

 

” 1) The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

 

2) Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics is equally unpredictable, both as to duration and degree. Therefore we never try to anticipate the arrival or departure of either. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

 

3) Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.

 

4) The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

 

5) Working with people who cause your stomach to churn seems much like marrying for money – probably a bad idea under any circumstances, but absolute madness if you are already rich.


6) Managers thinking about accounting issues should never forget one of Abraham Lincoln’s favorite riddles: `How many legs does a dog have if you call his tail a leg?’ The answer: `Four, because calling a tail a leg does not make it a leg’

 

7) For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.


8) It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

 

9) The first rule is not to lose. The second rule is not to forget the first rule.

 

10) There seems to be some perverse human characteristic that likes to make easy things difficult. “

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