 |
| Slide shows people celebrating when prices of burgers are down but weeping when prices stocks are down |
A Place for Learning and Practicing "Value Investing" Taught by Benjamin Graham and Successfully Executed by Warren Buffett.
Sunday, February 26, 2017
Happy when Prices of Burgers Down But Not Stocks Slide
People Are Happy when Prices of Burgers Down But Not Stocks
 |
| Picture shows people celebrating when burger prices are down but sad about stocks |
"This is one thing I can never understand. To refer to a personal taste of mine, I'm going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing "Hallelujah Chorus" in the Buffett household. When hamburgers go up, we weep. For most people it's the same way with everything in life they will be buying - except stocks. When stocks go down and you can get more for your money, people don't like them anymore."
Warren Buffett
Wait for Your Pitch
 |
| Graphic Depicts Base Ball Player Swinging to Strike at the Pitch |
The stock market is a non-called strike game. You don't have to swing at everything - you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, "Swing you bum!"