Warren Buffett spent three hours on CNBC the other day and you can watch virtually all of it on cnbc.com. I would take advantage of that because he does a really good job explaining complicated things in layman's terms. One thing that really caught my attention was this quote:
"the stock market is there to serve you not to educate you."
What he means is that prices don't really tell you anything about a stock. The business of the company is what drives the price and when investing this is the most important aspect of any stock you should own. Obviously this is a very fundamentalist view, but can you argue with the results he has had?
Wednesday, March 5, 2008
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