Business quote of the week: Warren Buffet on becoming rich
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful – Warren Buffet, investor and billionaire
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful – Warren Buffet, investor and billionaire
2 Comments
Many move with mass,which is not correct.The essence of the above statement is that when prices move up to highest,no seller is found .Coreect decision is to sell all what you have even if laughed at.
Similarly when prices fall to lowest no buyer is found.Correct decion is to buy to the maximum extent even if laughed.
Actually these decions are correct.
[...] does his second bailout in as many weeks (this time of General Electric), I’m reminded of a Buffett quote I brought you last [...]