热爱是保持年轻的秘诀 --- 梅耶.马斯克(马斯克母亲)

一个成功的投资者,85%归功于正确的资产配置,10%来自于选择投资目标的功力,5%必须靠上帝的保佑。--威廉·夏普
上路看世界,归家读闲书,陋室观天下,余暇思古今,静坐听音乐,提笔写文章。-- 南半球
有钱不花是穷人。-- 蔡澜
个人资料
正文

Investing in Times of Major Market Decline: Do You Have the Pati

(2018-03-03 16:16:39) 下一个

In this years Berkshire's Annual Report, Warrent Buffet talked about waiting to invest heavily when major market declines occur.  He quoted Kipling's "If" poem which I like a lot!  I want to share with you, the nice people in TZLC!

Here is the extracted paragraph of that section:

 

When major declines occur, however, they offer extraordinary opportunities to those who are not handicapped by debt. That’s the time to heed these lines from Kipling’s If:

“If you can keep your head when all about you are losing theirs . . .

If you can wait and not be tired by waiting . . .

If you can think – and not make thoughts your aim . . .

If you can trust yourself when all men doubt you...

Yours is the Earth and everything that’s in it.”

 

And, he is strongly against ever using borrowed money to own stock because of randomness in the short term ("Even if your borrowings are small and your
positions aren’t immediately threatened by the plunging market, your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions")

[ 打印 ]
阅读 ()评论 (0)
评论
目前还没有任何评论
登录后才可评论.