You shouldnt try to time the market. He says its a mistake to predict or listen to others who predict the short-term movement of stocks. By the same token, he says you shouldnt try to flip stocks like high-frequency traders do. Wealthiest people following extremely simple philosophies. He buys into solid businesses that he can easily understand and holds onto the investments for long periods of time. According to him, doing decently well in stocks is very, very easy. You dont need to look at the prices of the stocks you own from week-to-week, or month-to-month, or even year-to-year, says Buffett. If you own a cross-section of American businesses, and you dont get excited (and buy) just at the very top, and if you buy in over time, you are going to do well. Read more: businessinsider/warren-buffett-tells-investors-not-to-make-this-common-mistake-2013-10#ixzz2jJO6Fubd
Posted on: Thu, 31 Oct 2013 14:57:36 +0000
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