Question : You seem to be so well read, tell us how it started?
Warren Buffet : My father was a stock broker, so we had all these financial books in our library, he introduced me to those classics & i got into them, I am lucky that my father was not a fan of Playboy. Reading is the best habit you can get. Well, you can learn from teachers too, and have mentors but there are so many constraints attached - they will talk fast, talk slow, the might talk like a pro or they might be terribel communicators. Books are really different animal altogether, i love reading! The beauty about reading & learning is that the mroe you learn the more you want to learn.
As told in Shareholders meet 2008 @ Omaha.
Warren Buffet : My father was a stock broker, so we had all these financial books in our library, he introduced me to those classics & i got into them, I am lucky that my father was not a fan of Playboy. Reading is the best habit you can get. Well, you can learn from teachers too, and have mentors but there are so many constraints attached - they will talk fast, talk slow, the might talk like a pro or they might be terribel communicators. Books are really different animal altogether, i love reading! The beauty about reading & learning is that the mroe you learn the more you want to learn.
As told in Shareholders meet 2008 @ Omaha.
said...
Good morning all,
Little gloomy here :) ..closed shorts
yesterday but the worst part was entered longs @ 4945 and carried them (
RSI trapped me) ..shocked to see the deep red everywhere in the
morning…but pre-market view gave the confidence to hold longs..booked
longs at 4885 and entered shorts now at 4885…looking this as an
speed-breaker to the winning streak of the recent past and “much needed”
for me to keep foot on floor and walk step by step.. registering all
this here becoz only to remind friends here..
1. think twice
before entering trades “against trend” especially if it is overnight
carrying trade..i never did this in recent times but did yesterday :)
2.
think thrice before closing “conservative” calls yourself..always
better to wait to hear from master before taking such “slicing golden
duck” decisions :)
May 21, 2010 10:35 AM