A Quote by Warren Buffett
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Related Quotes
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
If I want to calm down, I'll buy some fabric, get a pattern, shut myself in a room and stay there for days, really happy. And at the end of it, you get a bedspread or some curtains or something to wear - it's lovely.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.
Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These are the same people who like to watch the locomotive coming and get run down in the name of discipline.
There must have been something in my nature - I believe, with all my heart, that I have conquered it now - which prevented me from being perfectly happy or making a woman perfectly happy.
In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.
Don't try to buy art as an investment. Buy something you really love because you're going to have to look at it again tomorrow. And an investment can go up or down. Buy something you really adore, you really like, and you want to live with. And if you decide some years later you don't want to live with it anymore, sell it. Get out.
I'm trying to communicate here. I'm a communicator, I like to communicate, and if a million people buy it then we've touched a million people, if only 10 people buy it, then we've only touched 10, and that's important, because I'm satisfied with only 10. But, I love a million.
I've never had the experience of 10 years at Unilever and five years at Coca Cola. But I'm not the marketing director who only wants 25 per cent a year on the revenues. In the old days, you sold something, and you would be happy. At Ajax, we thought we needed more from that than selling a seat and making five grand.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
I want to build something I'd be happy to be employed by 10 years out.
I want to build something I’d be happy to be employed by 10 years out.
The government shut down 12 times under Democratic House Speaker Tip O'Neill. It was only shut down twice while I was speaker.
It is only when you have become that true Self consciously, when all these illusions have fallen away, that you will be perfectly free and perfectly happy.
During the Reagan years, government shut down eight different times under a Democrat Congress. The president and Congress worked together and got things straightened out. Under the Carter years, again a Democrat Congress, the government shut down five times.
I think the market is always going to be around. The goal is not to say, let's get rid of the market, because the market does render a huge number of services, and I don't want to have a fight about the price of something every time I buy a book or a bottle of water.
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