Feb 2
Invest and then be Blind & Deaf
A Blind man led me home
Some quotes from the Intelligent Investor
Buy and keep and never sell till you wait at least for 6 months. Never keep a stop loss as you are buying based on value and not speculating
Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal. (pg. 205)
The speculator’s primary interest lies in anticipating and profiting from market fluctuations. The investor’s primary interest lies in acquiring and holding suitable securities at suitable prices. (pg. 205)
Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored. (pg. 206)
Never buy a stock because it has gone up or sell one because it has gone down. (pg. 206)
As Warren Buffet says Patience is everything. Your best bets can be undermined if you are not Patient
And anyway if you are going to lose money because of your poor judgment; have the courage to fail.
“A man passed by me close,
I asked my way, he said,
‘Come, follow me, my friend’ —
I followed where he led.
He rapped the stones in front,
‘Trust me,’ he said, ‘and come’;
I followed like a child —
A blind man led me home.”
Daily prices are a fog; investment should not be based on price; neither the buying nor the selling; but on value.
Let me see how long I can keep my advice.
