Warren would laugh his head off at the title of this article I’m sure. Actually if you want to get his book The Snowball. I’d also suggest getting it at a discount rate. The book is actually $35.00 if that’s too steep try a discount book site or something. Or even better keep your eyes peeled at dollar stores. I was totally shocked when this past week I turned on CNBC which I rarely watch and saw him discussing the state of the economy. The guy ought to know what it’s like to live through rough times, he’s 77- that means he understands what the Depression of the 1930’s and early 1940’s was really like. You won’t find him in a panic and selling off stock left and right either. He keeps his cool and bides his time watching these poor uneducated day-traders panic while he just sits back and grins and makes money. So to those of you who are yoyoing like a bunch of goofballs- STOP IT YOU’RE HURTING YOURSELF AND OTHERS!
There are a lot of people who are letting their emotion think for them out there and they have done so much damage to the investment market that it has scared people out of their wits and out of the market in some casess permanently.. We need to learn what to do- the right thing to do. If you are going to start investing, learn to do this correctly and make your money gradually but do that so that you can do the same thing that Mr. Buffett has done for a long time. Also don’t think that he’s the #1 billionaire earner right now, he lost $25 million but I don’t see him going “Oh no, I’m dead!” He didn’t seem to freak out when he talked about it either.
If I were you I’d be careful where I get information on him as well. Some the media outlets are even trying to down-paly his connection to the company he runs called Berkshire-Hathaway. Be careful not to let the MEDIA always influence your decisions. Their main purpose is supposed to be to put out ACCURATE INFORMATION which none of them is doing right now and that is tragic. I think that Congress needs to break up the big media conglomerates just a bit to preserve freedom of the press and speech just so people can get more perspectives on things. Do your homework and compare Berkshire-Hathaway with other investment houses. don’t just take the media’s bait. If you’ve got brains use them before somebody decides to make your decisions for you- trust me you don’t want that- you’ll get ripped off in the process.
It’s kind of like this shyster Bernie Madoff- now there’s a has-been. he not only made billions he ripped people off billions. You don’t see those kind of things happening at Mr. Buffett’s company- he’d promptly fire anybody that stupid. I know this is apples and oranges but there’s a distinct difference here- the rip-off artist vs. the wise investor who keeps his eyes peeled for a great deal. Even my grandfather taught me to keep my eyes peeled for a good deal. Let me put it this way, he waits till the stock of a company goes down to a small single-digit amount and buys up the stock like it was penny candy. If you’ve the right amount of money you can do it was well. You basically wait things out. yes, the market’s a rollercoaster, but if you don’t enjoy the ride, get off and try something else.