No-fear schreef op 10 oktober 2014 11:55:
Enkele spreuken van Warren Buffett die op dit moment rondom BAM spelen:
- The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
- Never invest in a business you cannot understand.
- Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.
- Buy companies with strong histories of profitability and with a dominant business franchise.
- You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
- Be fearful when others are greedy and greedy only when others are fearful.
- Unless you can watch your stock holding decline by 50% without becoming panicstricken, you should not be in the stock market.
- It is optimism that is the enemy of the rational buyer.
- As far as you are concerned, the stock market does not exist. Ignore it.
- The ability to say "no" is a tremendous advantage for an investor.
- Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
- An investor should act as though he had a lifetime decision card with just twenty punches on it.
- Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns of the company they own.
- As a group, lemmings have a rotten image, but no individual lemming has ever received bad press.
- An investor needs to do very few things right as long as he or she avoids big mistakes.
- "Turn-arounds" seldom turn.
- Is management rational?
- Is management candid with the shareholders?
- Does management resist the institutional imperative?
- Remember that the stock market is manic-depressive.
- Buy a business, don't rent stocks.
- Does the business have a consistent operating history?
- Wide diversification is only required when investors do not understand what they are doing.
Disclaim: BAM positie na 11:30H verdubbeld.