{"id":548,"date":"2016-01-05T16:10:26","date_gmt":"2016-01-05T21:10:26","guid":{"rendered":"https:\/\/www.bygeorgejournal.ca\/?p=548"},"modified":"2016-01-14T21:29:15","modified_gmt":"2016-01-15T02:29:15","slug":"quips-from-warren-buffett","status":"publish","type":"post","link":"https:\/\/www.bygeorgejournal.ca\/?p=548","title":{"rendered":"Warren Buffett -isms"},"content":{"rendered":"<p><span style=\"font-family: Georgia; font-size: 11pt;\">\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-7707\" src=\"https:\/\/www.bygeorgejournal.ca\/wp-content\/uploads\/2016\/01\/warren-buffett-richest-man-in-america.jpg\" alt=\"warren-buffett-richest-man-in-america\" width=\"400\" height=\"299\" srcset=\"https:\/\/www.bygeorgejournal.ca\/wp-content\/uploads\/2016\/01\/warren-buffett-richest-man-in-america.jpg 400w, https:\/\/www.bygeorgejournal.ca\/wp-content\/uploads\/2016\/01\/warren-buffett-richest-man-in-america-300x224.jpg 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/span><\/p>\n<p>With a net worth of more than $66 billion, Warren Buffett is the third-richest man in the world according to <em>Forbes<\/em> magazine. Here are some Buffet-isms on investment.<\/p>\n<ul>\n<li>I am a huge bull on the American economy.<\/li>\n<li>I am a better investor because I am a businessman, and I am a better businessman because I am an investor.<\/li>\n<li>The Dow Jones Industrial Average started the 20th century at 66 and it ended at 11,400. That\u2019s not a bad train to be on.<\/li>\n<li>Be fearful when others are greedy and be greedy when others are fearful.<\/li>\n<li>Buy and buy and buy little pieces of a wonderful group of American businesses, and you\u2019ll do fine over time and you\u2019ll keep your costs low. If you try to be a little bit smarter, you\u2019ll probably end up being a lot dumber.<\/li>\n<li>Price is what you pay. Value is what you get.<\/li>\n<li>Diversification is a protection against ignorance. It makes very little sense for those who know what they\u2019re doing.<\/li>\n<li>The most important thing to do if you find yourself in a hole is to stop digging.<\/li>\n<li>Insanity consists of doing the same thing over and over again and expecting the same result.<\/li>\n<li>Over the years, a number of very smart people have learned the hard way that a long stream of impressive numbers multiplied by a single zero always equals zero.<\/li>\n<li>In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.<\/li>\n<li>The market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks we invest in businesses.<\/li>\n<li>You only find out who is swimming naked when the tide goes out.<\/li>\n<li>In this case (the current U.S. credit crunch), Wall Street drank its own Kool-Aid.<\/li>\n<li>If you buy a farm as an investment, do you sit there and watch the Farm Channel on television all day, as they tell you corn went up a penny or something like that? No. You buy the farm and figure it is a good investment over a period of time.<\/li>\n<li>It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 With a net worth of more than $66 billion, Warren Buffett is the third-richest man in the world according to Forbes magazine. Here are some Buffet-isms on investment. I am a huge bull on the American economy. I am a better investor because I am a businessman, and I am a better businessman because&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[23,36],"_links":{"self":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts\/548"}],"collection":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=548"}],"version-history":[{"count":8,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts\/548\/revisions"}],"predecessor-version":[{"id":7708,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts\/548\/revisions\/7708"}],"wp:attachment":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}