System ∩ Code ∩ Footy » Equities & Derivatives http://cueballcentral.com 50% sysadmin, 50% developer, 100% footy fan... Thu, 30 Dec 2010 14:16:25 +0000 en hourly 1 http://wordpress.org/?v= Warren Buffett Wisdom http://cueballcentral.com/2009/02/warren-buffett-wisdom/ http://cueballcentral.com/2009/02/warren-buffett-wisdom/#comments Sun, 01 Feb 2009 11:08:29 +0000 Mark Glossop http://cueballcentral.com/?p=177 Continue reading →]]> The article is from 2006, but it’s a good read. Were you aware that you were part of an ovarian lottery? :-)

Oracle of Omaha offers words of wisdom

I think my favourite quote is item #2 in the following list of “things to know” when you invest:

  • A stock is a piece of a business. If you don’t want to own the business don’t buy the stock
  • Market is there to serve you not to instruct.
    The market is a psychotic, drunk, manic depressive selling 4,000 companies everyday. “If you buy a farm, you look to the farm to determine the value of your interest, not to some guy coming by giving you a quote everyday.”
  • Know your “Margin of Safety” with every investment.

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