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I have compiled the important quotes of warren buffett, ...
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Dear friends,
I have compiled the important quotes of warren buffett, feeling that it may help some.
1) Rule No 1: Never lose money
Rule No 2: Never forget rule No 1.
2) It is easier to stay out of truble than it is to get out of trouble.
3) The market like the lord ,helps those help themselves. But unlike the lord,the market does not forgive those who know not what they do.
4) Don't try to jump over seven-foot bars; look around for one-foot bars that can step over.
5) The chains of habit are too light to be felt until they are too heavy to be broken.
6) It is not necessary to do extraordinary things to get extraordinary results.
7) Look at stocks as small pieces of a business.
8) Invest in a business that even a fool can run,because somebody a fool will.
9) With invetsment you make,You should have the courage and the conviction to place at least 10% of your networth in that stock.
10) If a business does well, the stock eventually follows.
11) The reaction of weeak management to weak operations is often weak accounting.
12) In a difficult business,no sooner is one problem solved than another surfaces-never is there just one cockroach in the kitchen.
13) You don't have to make money the same way you lost it.
14) With enough insider information and a million dollars,you can go broke in a year.
15) If principles become dated,they are no longer principles.
16) If calculus or algebra were required to be a great investor,I would have to go back to delivering newspapers.
17) It is only the tide goes out that you learn who has been swimming naked.
18) If you hit a hole in one on every hole,you would not play golf for very long.
19Never ask a barber if you need a haircut.
20) Forecasts usually tells us more of the forecaster than of the forecasts.
21) There seems to be some perverse human characteristic that likes to make easy things difficult.
22Diversification is a protection against ignorance.
23) Brokers make money on activity,You make your money on inactivity.
24) You only have to do a few things right in your life so long as you don't do too many things wrong.
25) If you let yourself be undisciplined on the small things,you will probably be undisciplined on the large things as well.
26When proper temperamant joins up with the proper intellectual framework, then you get rational behaviour.
27) The fact that people are full of greed or folly is predictable.The sequence is unpredictable.
28) Be fearful when others are greedy and be greedy only when others are fearful.
29) The most important thing to do when you are in a hole is to stop digging.
30) If at first you do succeed,quit trying.
31) Most people get interested in stocks
when everyone else is.The time to get interested is when no one else is. You can't buy what is popular and do well.
32) Risk comes from not knowing what you are doing.
33) If you can't make mistakes,you can't make decisions.
34) Investment must be rational,If you don't understand it,don't do it.
35) In the business world,the rear view mirror is always clearer than the windshield.
36) For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
37) At the beginning, prices are driven by fundamentals and at some point, speculation drives them. It is the old story: what the wise man does in the beginning the fool does in the end.
38) A pin lies in wait for a bubble and when the two eventually meet,a new wave of investors learn some very old lessons.
39) I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for 5 years.
40) What we learn from history is that people don't learn from history.
41) Look at stock market fluctuations as your friend rather than your enemy-profit from folly rather than participate in it.
42) Uncertainity actually is the friend of the buyer of long-term values.
43) No matter how great the talent or effort,some things just take time: You can't produce a baby in amonth by getting nine women pregnant.
44) If the past history was all there was to the game, the richest people would be librarians.
45) I would be a bum on the street with a tin cup, if the markets were efficient.
compiled by "nadhi"
I have compiled the important quotes of warren buffett, feeling that it may help some.
1) Rule No 1: Never lose money
Rule No 2: Never forget rule No 1.
2) It is easier to stay out of truble than it is to get out of trouble.
3) The market like the lord ,helps those help themselves. But unlike the lord,the market does not forgive those who know not what they do.
4) Don't try to jump over seven-foot bars; look around for one-foot bars that can step over.
5) The chains of habit are too light to be felt until they are too heavy to be broken.
6) It is not necessary to do extraordinary things to get extraordinary results.
7) Look at stocks as small pieces of a business.
8) Invest in a business that even a fool can run,because somebody a fool will.
9) With invetsment you make,You should have the courage and the conviction to place at least 10% of your networth in that stock.
10) If a business does well, the stock eventually follows.
11) The reaction of weeak management to weak operations is often weak accounting.
12) In a difficult business,no sooner is one problem solved than another surfaces-never is there just one cockroach in the kitchen.
13) You don't have to make money the same way you lost it.
14) With enough insider information and a million dollars,you can go broke in a year.
15) If principles become dated,they are no longer principles.
16) If calculus or algebra were required to be a great investor,I would have to go back to delivering newspapers.
17) It is only the tide goes out that you learn who has been swimming naked.
18) If you hit a hole in one on every hole,you would not play golf for very long.
19Never ask a barber if you need a haircut.
20) Forecasts usually tells us more of the forecaster than of the forecasts.
21) There seems to be some perverse human characteristic that likes to make easy things difficult.
22Diversification is a protection against ignorance.
23) Brokers make money on activity,You make your money on inactivity.
24) You only have to do a few things right in your life so long as you don't do too many things wrong.
25) If you let yourself be undisciplined on the small things,you will probably be undisciplined on the large things as well.
26When proper temperamant joins up with the proper intellectual framework, then you get rational behaviour.
27) The fact that people are full of greed or folly is predictable.The sequence is unpredictable.
28) Be fearful when others are greedy and be greedy only when others are fearful.
29) The most important thing to do when you are in a hole is to stop digging.
30) If at first you do succeed,quit trying.
31) Most people get interested in stocks
when everyone else is.The time to get interested is when no one else is. You can't buy what is popular and do well.
32) Risk comes from not knowing what you are doing.
33) If you can't make mistakes,you can't make decisions.
34) Investment must be rational,If you don't understand it,don't do it.
35) In the business world,the rear view mirror is always clearer than the windshield.
36) For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
37) At the beginning, prices are driven by fundamentals and at some point, speculation drives them. It is the old story: what the wise man does in the beginning the fool does in the end.
38) A pin lies in wait for a bubble and when the two eventually meet,a new wave of investors learn some very old lessons.
39) I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for 5 years.
40) What we learn from history is that people don't learn from history.
41) Look at stock market fluctuations as your friend rather than your enemy-profit from folly rather than participate in it.
42) Uncertainity actually is the friend of the buyer of long-term values.
43) No matter how great the talent or effort,some things just take time: You can't produce a baby in amonth by getting nine women pregnant.
44) If the past history was all there was to the game, the richest people would be librarians.
45) I would be a bum on the street with a tin cup, if the markets were efficient.
compiled by "nadhi"
12.56 AM Jul 4th 2007
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Wonderful Nadhi. What a wonderful collection. I hope it is the trailer for the real stuff you have been collecting on the note pads... Regadrs.
Best one:
No matter how great the talent or effort,some things just take time: You can't produce a baby in amonth by getting nine women pregnant.
Best one:
No matter how great the talent or effort,some things just take time: You can't produce a baby in amonth by getting nine women pregnant.
1.12 AM Jul 5th 2007
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Dear yembee,
All the credit goes to that legend. I have become a fan of him. If at all there is a formaula or there could be a formula with minimum risk and maximum benifit,it is his own. Still I am knowing all the formulae of the dead old days to present day. Something are really peculiar. Nothing to practice yembee. There are some formula that will be beneficial to know which you should not do.
Anyway I am having my own doubts whether the boarders will be interested to know. The more I read the more I am disinterested in the technical analysis. Still I am learning for academic interest, simply because I have that desire to learn. Not for commercial interest though. Thanks yembee. If you are interested I can send you some thro PM.
with wishes
nadhi
All the credit goes to that legend. I have become a fan of him. If at all there is a formaula or there could be a formula with minimum risk and maximum benifit,it is his own. Still I am knowing all the formulae of the dead old days to present day. Something are really peculiar. Nothing to practice yembee. There are some formula that will be beneficial to know which you should not do.
Anyway I am having my own doubts whether the boarders will be interested to know. The more I read the more I am disinterested in the technical analysis. Still I am learning for academic interest, simply because I have that desire to learn. Not for commercial interest though. Thanks yembee. If you are interested I can send you some thro PM.
with wishes
nadhi
1.35 AM Jul 5th 2007
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WB, legends for many.. I really dont have even have the justification to comment on big man's words ..but still i took the audacity to do it... I dont know why everone gives gyan only .. Most of the stuff is subjective..Why people dont write objective stuff ..
Anyways ..list was long and i had to catch a train .i left it in between ..
1) Rule No 1: Never lose money
Rule No 2: Never forget rule No 1.
Airan: How to do that ?
2) It is easier to stay out of truble than it is to get out of trouble.
Airan: contradicts with risk ..very blur line ..
3) The market like the lord ,helps those help themselves. But unlike the lord,the market does not forgive those who know not what they do.
Airan: Again gyan ..how ?
4) Don't try to jump over seven-foot bars; look around for one-foot bars that can step over.
Airan: This is good
5) The chains of habit are too light to be felt until they are too heavy to be broken.
Airan :good
6) It is not necessary to do extraordinary things to get extraordinary results.
Airan: Gyan ..
7) Look at stocks as small pieces of a business.
Airan: dont know what it means
8) Invest in a business that even a fool can run,because somebody a fool will.
Airan: Again a generic stupid statement.
9) With invetsment you make,You should have the courage and the conviction to place at least 10% of your networth in that stock.
Airan: Depends on investor. If one knew that much, everyone will be warren buffet
10) If a business does well, the stock eventually follows.
11) The reaction of weeak management to weak operations is often weak accounting.
12) In a difficult business,no sooner is one problem solved than another surfaces-never is there just one cockroach in the kitchen.
Airan: same with all kinds of business, no business is easy ..
13) You don't have to make money the same way you lost it.
14) With enough insider information and a million dollars,you can go broke in a year.
Airan: WB started with insider .. will give a wiki article on it.
15) If principles become dated,they are no longer principles.
Airan: Again depends definition of principle ..
16) If calculus or algebra were required to be a great investor,I would have to go back to delivering newspapers.
Airan: hmmm.. Subjective
17) It is only the tide goes out that you learn who has been swimming naked.
18) If you hit a hole in one on every hole,you would not play golf for very long.
19) Never ask a barber if you need a haircut.
Airan: Typical indian mindset ..surprising ..isnt it .
20) Forecasts usually tells us more of the forecaster than of the forecasts.
Airan: I Agree ..
21) There seems to be some perverse human characteristic that likes to make easy things difficult.
22) Diversification is a protection against ignorance.
23) Brokers make money on activity,You make your money on inactivity.
24) You only have to do a few things right in your life so long as you don't do too many things wrong.
25) If you let yourself be undisciplined on the small things,you will probably be undisciplined on the large things as well.
Airan: this is the best one ..!
Anyways ..list was long and i had to catch a train .i left it in between ..
1) Rule No 1: Never lose money
Rule No 2: Never forget rule No 1.
Airan: How to do that ?
2) It is easier to stay out of truble than it is to get out of trouble.
Airan: contradicts with risk ..very blur line ..
3) The market like the lord ,helps those help themselves. But unlike the lord,the market does not forgive those who know not what they do.
Airan: Again gyan ..how ?
4) Don't try to jump over seven-foot bars; look around for one-foot bars that can step over.
Airan: This is good
5) The chains of habit are too light to be felt until they are too heavy to be broken.
Airan :good
6) It is not necessary to do extraordinary things to get extraordinary results.
Airan: Gyan ..
7) Look at stocks as small pieces of a business.
Airan: dont know what it means
8) Invest in a business that even a fool can run,because somebody a fool will.
Airan: Again a generic stupid statement.
9) With invetsment you make,You should have the courage and the conviction to place at least 10% of your networth in that stock.
Airan: Depends on investor. If one knew that much, everyone will be warren buffet
10) If a business does well, the stock eventually follows.
11) The reaction of weeak management to weak operations is often weak accounting.
12) In a difficult business,no sooner is one problem solved than another surfaces-never is there just one cockroach in the kitchen.
Airan: same with all kinds of business, no business is easy ..
13) You don't have to make money the same way you lost it.
14) With enough insider information and a million dollars,you can go broke in a year.
Airan: WB started with insider .. will give a wiki article on it.
15) If principles become dated,they are no longer principles.
Airan: Again depends definition of principle ..
16) If calculus or algebra were required to be a great investor,I would have to go back to delivering newspapers.
Airan: hmmm.. Subjective
17) It is only the tide goes out that you learn who has been swimming naked.
18) If you hit a hole in one on every hole,you would not play golf for very long.
19) Never ask a barber if you need a haircut.
Airan: Typical indian mindset ..surprising ..isnt it .
20) Forecasts usually tells us more of the forecaster than of the forecasts.
Airan: I Agree ..
21) There seems to be some perverse human characteristic that likes to make easy things difficult.
22) Diversification is a protection against ignorance.
23) Brokers make money on activity,You make your money on inactivity.
24) You only have to do a few things right in your life so long as you don't do too many things wrong.
25) If you let yourself be undisciplined on the small things,you will probably be undisciplined on the large things as well.
Airan: this is the best one ..!
6.32 AM Jul 5th 2007
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Dear Nadhi. I am also reading a lot of books about Fundamental and technicals... as days go on ...I am very much convinced that Fundamental analysis is the foundation of stock selection. Again i refer to our back dated conversation that people dont have patience nowadays. Many of those claim of being a long term investor have their looonng term of losing positions only where as if they get a say 30% up with in short term they want to book profit...
After a careful study Keeping a stock for one year and doing three trades of 20% profit by reentering 10% less with in a year gives the same result in net gain ( Have I put it correctly ? )
Please do not hesitate to send it ( tamil : Karumbu thinna kooliya )
More you trade more chances of losing resembles Gambling for me...
Regards and best wishes.
yembee
After a careful study Keeping a stock for one year and doing three trades of 20% profit by reentering 10% less with in a year gives the same result in net gain ( Have I put it correctly ? )
Please do not hesitate to send it ( tamil : Karumbu thinna kooliya )
More you trade more chances of losing resembles Gambling for me...
Regards and best wishes.
yembee
11.26 AM Jul 5th 2007
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Dear Yembeee,
I completely agree with you. They say Patience and Inactivity are virtues in Market. The media , news all focus on short-term trends and also many in the market believe by churning their folio, they could beat the markets. Logically it might be possible, but historically majority of the people who have created wealth from the markets have been long-term investors.
I believe one should start with long-term with small amount and get into trading if you are successful in that and not the other way around.
Cheers
I completely agree with you. They say Patience and Inactivity are virtues in Market. The media , news all focus on short-term trends and also many in the market believe by churning their folio, they could beat the markets. Logically it might be possible, but historically majority of the people who have created wealth from the markets have been long-term investors.
I believe one should start with long-term with small amount and get into trading if you are successful in that and not the other way around.
Cheers
11.42 AM Jul 5th 2007
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Great post nadhi. If you don't mind kindly send me those formulas. Please keep on posting such wonerful posts. Thank You,
12.26 PM Jul 5th 2007
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Two Good Semiconductor stock. Moschip and Spel Semiconductors. Both liquid stocks. Spel Semiconductors is profit making with good earnings assurance. All aspiring BUFFETS should invest in the company!
2.51 PM Jul 5th 2007
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Quotes numbered 9, 22 and 44 are dumb. Don't follow them. Only Buffet can follow them, for various reasons. Rest of the quotes are good.
ROFL on quote no.12-- there are more than one cockroaches in the kitchen-- this quote holds good for MMB too. There are more than one cockroach ids.!! LOL LOL
ROFL on quote no.12-- there are more than one cockroaches in the kitchen-- this quote holds good for MMB too. There are more than one cockroach ids.!! LOL LOL
5.51 PM Jul 5th 2007
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Very good compilation. Expect more like his from you. Many members may get educted and get the knowledge of the inticacies of the market by such postings.Thank you.
6.19 PM Jul 5th 2007
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congratultions
wonderful. thanx. keep posting
wonderful. thanx. keep posting
10.31 PM Jul 5th 2007
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Dear yembee,
You are right friend. Atleast it was the opinion of buffett and his guru Benjamin Graham. Short term trading is a double edged sword which can only be handled by experts. In a bull market short term traders have scope of earning lesser. But, It is always a debate which I feel that I am not eager to participate at this stage. It may be later.
I want to say something to those in a dlemma as to which one will be suitable for them. In those initial days, when I wanted to know about the market, no help was forthcoming. So,I wanted to do my bit to those beginners like me. I will come with another useful bit of news soon. Thanks for the encouragement yembee.
with wishes
nadhi
You are right friend. Atleast it was the opinion of buffett and his guru Benjamin Graham. Short term trading is a double edged sword which can only be handled by experts. In a bull market short term traders have scope of earning lesser. But, It is always a debate which I feel that I am not eager to participate at this stage. It may be later.
I want to say something to those in a dlemma as to which one will be suitable for them. In those initial days, when I wanted to know about the market, no help was forthcoming. So,I wanted to do my bit to those beginners like me. I will come with another useful bit of news soon. Thanks for the encouragement yembee.
with wishes
nadhi
12.21 AM Jul 6th 2007
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Hi eshers Nadhi ThankQ. You see the responses... People are there to listen good stuff. That too coming days are going to be tough for the traders...
Keep rocking boss. Waiting for your PM. Regards
Keep rocking boss. Waiting for your PM. Regards
12.35 AM Jul 6th 2007
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Dear day trader,
Thanks for the encouragement. I will do my best.
with wishes
nadhi
Thanks for the encouragement. I will do my best.
with wishes
nadhi
12.38 AM Jul 6th 2007
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Dear parelkar,
I am not aspiring to be buffett. I can never be. I know my limitations. As for your advice to invest in SPEL, I have invested some amount and not willing to add more for the reasons best known to me. Anyway,thanks for your advice.
with wishes
nadhi
I am not aspiring to be buffett. I can never be. I know my limitations. As for your advice to invest in SPEL, I have invested some amount and not willing to add more for the reasons best known to me. Anyway,thanks for your advice.
with wishes
nadhi
12.42 AM Jul 6th 2007
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