Hahaha, awesome video, something that’s very true. and missed by many investors.
It is my belief that nearly any invented quotation, played with confidence, stands a good chance to deceive.
– Following the Equator
Warren Buffett –
The guru to almost every investor. The Chairman of Berkshire Hathaway, and also ranked by Forbes as the second richest person in the world.
- I buy expensive suits. They just look cheap on me.
- [The perfect amount of money to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing.
- Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of men.’ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.
- Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
- You only have to do a very few things right in your life so long as you don’t do too many things wrong.
- Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
- Only when the tide goes out do you discover who’s been swimming naked.
- Keeping liquidity and not investing in such a low market is like saving up for sex in your old age.
- I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
- If you don’t know jewellery, know the jeweller.
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again.Soon the supply diminished even further and people started going back to their farms.
The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at Rs50!
However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers, "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50."
The villagers squeezed up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!!!
Welcome to the “Stock” Market!!!!! 🙂