> Warren Buffett Blog: October 2018

Wednesday, October 31, 2018

Warren Buffett on being Frugal

"I bought my house in 1958. I have everything in life I ever wanted. If there were anything I wanted that money could buy, I'd do it this afternoon. I have no problem with that. My life would probably be worse if I had 6 or 8 houses. Having everything you want - you can't have more than that. X is a cutoff, but when you get to 10x or 1000x it just doesn't matter much."

Tuesday, October 30, 2018

Short term stock market moves are hard to predict

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

Friday, October 12, 2018

Why anyone can be a GREAT investor

"Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta. What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period — or even to look foolish — is also essential."

Wednesday, October 10, 2018

Blood on the streets

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

"Nobody buys a farm based on whether they think it's going to rain next year. They buy it because they think it's a good investment over 10 or 20 years."