The dumbest reason to buy a stock
When shopping, we all look for values; but when buying stocks, 90% of us, estimated by author and investor Robert Kiyosaki, invest for stocks' price movement, not value.
In case you haven't heard before, let me write down here what Warren Buffett once said: "The dumbest reason in the world to buy a stock is because it's going up."
In case you haven't heard before, let me write down here what Warren Buffett once said: "The dumbest reason in the world to buy a stock is because it's going up."
Labels: Funny Statistics
posted by Life Records at 1/29/2006
1 Comments:
That's the dumbest quote in the world. Buffett built his fortune in a time when stocks were undervalued because nobody wanted them. It was a cheap asset class.
You could buy anything in the late 90s just because it was going up and you would make money. Quote shot down.
And I know many "value" investors who were wiped out in 2000-2002 because they didn't pay attention to where the MARKET PRICE was going. They looked at the ticker that said $12 and said "But it's worth $50!!" Idiots.
8:50 AM
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