Weekend Wisdom by Warren Buffett
https://twitter.com/Mayhem4Markets/stat ... 2848360917
“I love it when the things we buy go down”
He would get “euphoric when the stocks are down because he can buy more of something he owned.
On the other hand, with their stocks, people think the stock knows more than they do, he said.
“When the stock goes down, they say the stock is telling them something... and what it’s telling me is I can get more for my money,”.
But they take it as a kind of referendum on themselves and make it as a “me versus stock” and say if they get back what they paid, they are going to sell the stock irrespective of what they paid.
The only question with every stock, every day is to look into “Can I get more for my money someplace else”.
Don’t create dynasties (or nepo babies).
“Parents should leave their children enough so they can do anything but not enough that they can do nothing,”
Acknowledge your good fortune.
Be transparent about your plans for the future.
Live below your means.
Tell your kids you’re proud of them.
“Often, nothing looks compelling.”
These four chilling words turn Buffett’s proverbial cards face-up for investors and plainly show that he’s struggling to find value in a historically pricey stock market.
When “nothing looks compelling,” investors can expect selling activity to outpace purchases on a regular basis.
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