A real game player Mr. Buffett |
Education is expensive of any end play but what's important here you can certainly participate in the game. Market timing is not so much of when to get in or out but what you are buying, this is most important for the long run. Just look at a stock like McDonald's (I'm loving this) had nothing to do with the Subprime, Swaps, Derivative and all the other crap that will come down the pike. Move away from what you don't really understand and certainly, don't let some investment group steer you.
We all see today what the games interest really is and has always been, profit for the board of directors, hell we all need profit from our efforts but not at a point where you screw your customer to get ahead. Now if you look at some of this those who cause such crap are paying for it. The Feds and SEC are using JP Morgan Chase as a punching bag to a point the board of directors is asking "when is this going to end", oh the poor dears!
So let's move into a better light of financial strength and growth and what better role model than the man himself, Warren Buffett who is chairman and CEO of Berkshire Hathaway, an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Even as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, Coca-Cola, or weekly magazines. For a while, he worked in his grandfather's grocery store. While still in high school he was successful in making money by delivering newspapers, selling golfballs and stamps, and detailing cars, among other means. Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. In 1945, in his sophomore year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in different barber shops.
Wow, a true businessman from the core and today his stock trades @ $173,530 BRK-A the most expensive on the exchange. You can also get into the BRK-B @ $115.80, by the way, Berkshire Hathaway owns 200,000,000 shares of Coca-Cola just his idea of investing in what makes you feel good instead of what grinds your gut Pod.
Some advice from Buffett, "The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage and seek a margin of safety. That's what Ben Graham taught me. A hundred years from now they will still be the cornerstones of investing".
Berkshire Hathaway (a no thrills kind of a guy)
Warren Buffett News
Bill George
A fine dynasty, investing with Goldman Sachs
US Senator Carl Levin, questioning Daniel Sparks - Former Goldman Sachs Mortgages Department Head.
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