Horse Sense from a typing Monkey
Some times it is a wise thing to turn to Uncle Warren and remember a few of his timeless Chestnuts. 1. We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children. 2. You only have to do a very few things right in your life so long as you don’t do too many things wrong. 3. There seems to be some perverse human characteristic that likes to make easy things difficult. 4. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years. 5. Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. 6. If past history was all there was to the game, the richest people would be librarians