英語Twitter

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It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

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The years ahead will occasionally deliver major market declines — even panics — that will affect virtually all stocks. No one can tell you when these traumas will occur.

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Predicting rain doesn’t count, building the ark does.

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Only when the tide goes out do you discover who’s been swimming naked.

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So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls—but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.

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Widespread fear is your friend as an investor because it serves up bargain purchases.

英語Twitter

【Twitter】Wide diversification is only required when investors do not understand what they are doing.

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Diversification is protection against ignorance. It makes little sense if you know what you are doing.

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Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.

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“There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor but you think you know something.

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