Wazua
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Madness at the NSE
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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watesh wrote:VituVingiSana wrote:watesh wrote:mlennyma wrote:Stocks investing is becoming very frustrating,you wait for ages with no meaningful return. If this corona virus hits crazy levels outside China, international investors will be withdrawing capital and start scampering for safety. There will be blood on the NSE Don’t buy or sell ‘based on today’s headlines’ As volatility in the market increases because of the coronavirus, Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.” Dow Jones and Nasdaq are already in the red. France has seen a 30% decline in tourist numbers...same case to other countries which dependent on the Chinese tourist market. The bigger this virus gets the bigger the domino effect.... Are you saying WB is wrong? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Finally Transcentury and Cables can benefit from this China mess. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:‘That’s good for us,’ Buffett says of dropping stocks
As stock futures dropped before Monday’s opening bell, Buffett said “that’s good for us.” “We’re a net buyer of stocks over time,” he said. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”
Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.” Buffet has endless supply of cash. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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sparkly wrote:VituVingiSana wrote:‘That’s good for us,’ Buffett says of dropping stocks
As stock futures dropped before Monday’s opening bell, Buffett said “that’s good for us.” “We’re a net buyer of stocks over time,” he said. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”
Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.” Buffet has endless supply of cash. True That's why you need not aimlessly follow his strategies Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:‘That’s good for us,’ Buffett says of dropping stocks
As stock futures dropped before Monday’s opening bell, Buffett said “that’s good for us.” “We’re a net buyer of stocks over time,” he said. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”
Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.” Buffet has endless supply of cash. BH does have a lot of cash but not endless. These investing lessons are valid even when one has limited funds. WB didn't always have a cash pile like he does now in BH. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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lochaz-index wrote:Sufficiently Philanga....thropic wrote:Dow futures shed 600 points  . Can't wait to see how the international markets close today. The last domino to fall. Stocks are now getting the memo that the bond market has been trying to relay. All time lows on the 30 yr UST suggests 2020 global economic growth concerns have been highly underestimated or a serious bond bull trap is in the offing. Dow tanked 1000+ points intraday but ended 800 points lower by end of session. Every major index got a battering some down as much as 6% in the red. I'm surprised the NSE20 managed to close higher yesterday. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mlennyma wrote:Stocks investing is becoming very frustrating,you wait for ages with no meaningful return. Technically the NSE20 has been in a secular bear for 12 years or so since that 6161 high in 2007. Some stocks have been under water ever since. The opportunity cost of buy and hold during a bear turn is immense. Take the Nikkei for example which has been in a 30 year secular bear and still down 40% currently from its 1990 high. Most European indices with the exception of the Dax and FTSE are yet to recapture their pre-GFC highs which underlines long-term economic/structural weaknesses. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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lochaz-index wrote:mlennyma wrote:Stocks investing is becoming very frustrating,you wait for ages with no meaningful return. Technically the NSE20 has been in a secular bear for 12 years or so since that 6161 high in 2007. Some stocks have been under water ever since. The opportunity cost of buy and hold during a bear turn is immense. Take the Nikkei for example which has been in a 30 year secular bear and still down 40% currently from its 1990 high. Most European indices with the exception of the Dax and FTSE are yet to recapture their pre-GFC highs which underlines long-term economic/structural weaknesses. I can proudly state here that i have made a tidy 17% from Flame tree Group(FTGH) in the past 3 weeks.I have offloaded all my holdings today at ksh. 1.74 (ABP 1.48). Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:‘That’s good for us,’ Buffett says of dropping stocks
As stock futures dropped before Monday’s opening bell, Buffett said “that’s good for us.” “We’re a net buyer of stocks over time,” he said. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”
Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.” This wisdom  it's like rain falling on a desert. I get his point and he is infact also addressing 'savers'. Eg. If the market remains depressed for 1 year, that's good for a net buyer like myself. It's a continued opportunity to keep buying at a low price... The investor's chief problem - and even his worst enemy - is likely to be himself
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