A Quote by Warren Buffett
For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
The dumbest reason in the world to buy a stock is because it's going up.
I think it's important to reason from first principles rather than by analogy. The normal way we conduct our lives is we reason by analogy. [With analogy] we are doing this because it's like something else that was done, or it is like what other people are doing. [With first principles] you boil things down to the most fundamental truths…and then reason up from there.
When you buy enough stocks to give you control of a target company, that's called mergers and acquisitions or corporate raiding. Hedge funds have been doing this, as well as corporate financial managers. With borrowed money you can take over or raid a foreign company too. So, you're having a monopolistic consolidation process that's pushed up the market, because in order to buy a company or arrange a merger, you have to offer more than the going stock-market price. You have to convince existing holders of a stock to sell out to you by paying them more than they'd otherwise get.
If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up reflecting the higher value of this company. You might have information because you trade with them or because you've done some research on them.
Doing your best is taking the action because you love it, not because you're expecting a reward. Most people do the exact opposite: They only take action when they expect a reward, and they don't enjoy the action. And that's the reason why they don't do their best.
I always look toward teens on Instagram to really understand what's going on. For some reason, when you're a teen, you just understand the world better than anyone else.
I love the Knicks and Rangers, right, but you still have a responsibility to your shareholders. They're not there because they're fans. You don't invest hundreds of millions of dollars in a stock because you're a fan. You do it because you think that the business is going to increase in value, that the stock price is going to go up.
If you're going to sell stock and somebody wants to buy it at a price and that price is not a price you dictate, but demand dictates, sell it to them now.
I train harder than anyone else in the world. Last year I was supposed to take a month off and I took three days off because I was afraid somebody out there was training harder. That's the feeling I go through every day - Am I not doing what somebody else is doing? Is someone out there training harder than I am? I can't live with myself if someone is.
My brethren, the reason why you have not got contentment in the things of the world is not because you have not got enough of them-that is not the reason-but the reason is, because they are not things proportionable to that immortal soul of yours that is capable of God himself.
Problems are hidden opportunities and constraints can actually boost creativity. If you have some crazy ideas in your mind, and that people tell you that it's impossible to make, well, that's an even better reason to want to do it, because people have a tendency to see the problems rather than the final result, whereas if you start to deal with problems as being your allies rather than your opponents, life will start to dance with you in the most amazing way.
The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a lot of their income for stock buybacks and to pay out higher dividends, not make new investment,. So to the extent that companies use financial engineering rather than industrial engineering to increase the price of their stock you're going to have a bubble. But it's not considered a bubble, because the government is behind it, and it hasn't burst yet.
I do things - whether it's donations or events for good causes or giving back to my community - for the right reason: because I want to. Because it's the best thing to do. I wanna help someone else out. As far as all the attention for it, that's cool if I get it, but I'm not doing it for that reason. Stuff like that doesn't really phase me.
A speculator gambles that a stock will go up in price because somebody else will pay even more for it.
All those years I had been making movies because I loved movies, and that's what made all the difference. If you're doing it because you love it you can succeed because you'll work harder than anyone else around you, take on challenges no one else would dare take, and come up with methods no one else would discover, especially when their prime drive is fame and fortune. All that will follow later if you really love what you do. Because your work will speak itself.
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