Sunday, April 2, 2017

Stock Forecaster Glorifies Fortuneteller

Picture shows Investor forecasting stock and a woman crystal ball firtuneteller

"We have long felt that the only value of stock forecasters is to make fortune-tellers look good. Even now, Charlie [Munger] and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."

Warren Buffett


Saturday, April 1, 2017

Money Moves from Active to Patient in the Stockmarket

Picture shows active and dozing Investors

"Our stay-put behaviour reflects our view that stock market serves as a relocation center at which money is moved from the active to the patient."

Warren Buffett