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Warren Buffett’s investment advice
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Unfortunately, you can’t duplicate his success. He begets his own. He’s a self-fulfilling prophesy. His bets just grow after his followers take action.
Thanks for the post. Straight from the master himself…
EShareholder
@30percentplusreturns
27% compounded per annum? Bullshit! How did you maintain that rate during 2008 without ever selling? Whatever you made the first ten years was cut in half in 08. So you must have been posting returns north of 60% per year before the crash. BTW, did you ever work for Lehman cause your good at shamelessly playing with numbers?
Over the past 13 years, my returns come out to 27% per year. All you have to do is buy stocks of solid companies and buy them after they tank. Its really not that hard. And never sell.
Warren Buffet is to investments what Michael Jordan was to Basketball.
How do you learn to invest for yourself? Whose books can you trust to educate yourself?
but is it not true bonds return very little? even les than a bank? or am i wrong. tell me what is it about bonds, why do people even bother? tax? is it actually higher return than a banks high interest deposit account?
thats a slaves approach to freedom. fast money is the most exciting.
Low risk, low return. I don’t think there’s anything wrong with investing in stocks but it’s boring. What you ought to do is save up in bonds and then before you retire, put the money you don’t need all on a roulette table and bet on a color. The stock market effectively achieves the same thing except it’s not as fun. Anyone who wants to do more research should read Professor Zvi Bodie’s research.
why bonds? dont you only get like 3% return a year?
Warren has backed BYD which recently released a plug in car like the Volt,yet at half the cost. When will it be sold in the USA? Now, is this a sign to the us car companies on how to do something right? Or is the party over for them? Warren is great at what he does and seems to think outside the box. He’s a real legend , kids said he put up slot machines to get back allowences? Was this a way to teach them not to gamble? I believe so, since no one could be that greedy: ) I think he really cares
Opening your own business or having a farm is risky as well. Many businesses (including farms) fail.
First of all, I enjoy casinos as well…..Many people are now afraid of stocks because of the recent collapse, but investing in stocks is the same exact thing as being a business owner. If you said I’m going to open my own business, you may say that’s a good thing. Stocks are a partial ownership of a business just they are giving a value that bops around every second or minute. If you owned a farm and didn’t get it appraised for 20 years, you’d be happy if the farm produce its share of crops.
It’s a waste of time investing in stocks. What I do is invest 80% in government bonds and 20% at the casino. The risk-return profile is the same as most equity mutual funds and it’s more fun.
There are many choices. Learn to invest for yourself. The worse thing one can do is listen to someone else. When Warren Buffet speaks, he’s not interested in your well being. He is only interested in his and his stock holders interest. Warren is well known for trying to keep the public from knowing what he is doing. So, anything he says in public, I take with a grain of salt.
The thing is even if you are looking to retire in 15 or 20 years, when you do retire you will not be taking out the money all at once, so in effect your money will be invested for 30 or 40 years. What other choice do we have – a mattress or CD, not a good plan, I’ll listen to Warren.
He sure dodged the question about what the baby boomers that lost half their retirement should do. Keep buying? Hell, they don’t have 30 to 40 more years.
hope is a poor strategy, a seat on the board would be better.