TSXV:AAA.P - Post by User
Post by
mylar1on Mar 15, 2014 11:48am
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Post# 22327388
Advice for the wrongs!
Advice for the wrongs!Buffett is a great believer in setting an asset allocation, or investment plan, and adhering to it with occasional rebalancing to the original allocations. The plan should be changed to reflect altered circumstances, the birth of a child or retirement for instance, but not because of outside influences. “Owners of stocks, however, too often let the capricious and often irrational behaviour of their fellow owners cause them to behave irrationally as well, “ Buffett points out, “because there is so much chatter about markets, the economy, interest rates, price behaviour of stocks, etc.” Buffett doesn’t pay attention to market experts either. “Listening to the macro or market predictions of others is a waste of time,” he emphasizes. “Indeed, it is dangerous because it may blur your vision of the facts that are truly important.” The wrongs certainly won't like the above!!