cnn wrote:Down to 8 bob on 10 million shares,how far lower?
My small 'speculative/hopeful' bid at 8 got filled.
To quote Warren Buffett:
"Berkshire buys when the lemmings are heading the other way."
"[Value investors]…these investors are, mentally always buying the business, not buying the stock. But all exploit the difference between the market price of a business and it’s intrinsic value."
"In the short run, the market is a voting machine. In the long run, it’s a weighing machine. "
"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. "Ben [Graham] was right the market is a manic depressive. That’s why you can’t buy and sell on it’s terms. You have to buy and sell when you want to."
"[On the stockmarket] Don’t be scared of the ups and down. Don’t buy and sell. Don’t get trapped in that stuff. Don’t look at the newspaper everyday."
"This is the cornerstone of our investment philosophy: Never count on making a good sale. Have the purchase be so attractive that even a mediocre sale gives good results."
"It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price. I would rather be certain of a good result than hopeful of a great one."
OR I am just consoling myself!Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett