#learningsomethingnew

Never have read much poetry, I’m making time for some now.....

Warren Buffett's first TV interview

This 1985 interview is probably Warren Buffet's first TV interview. The interviewer certainly claims so, and Buffet doesn't object. I think I have seen one older one though. But it doesn't matter. This interview belongs to a time when Warren Buffet was very media shy. I watched it and made notes. How do yours compare with mine?

For a money manager, temperament is more important than IQ. He should be a stable person, and his comfort zone should be neither with the crowd or against it.

You are not right or wrong because a thousand people agree or disagree with you. You are right because your facts are and your reasoning is.

Most people look at a stock from a 1-2 years point of view, and not as if they are investing in the company. "If the stock market remains closed for the next 5 years, would you still remain invested in the stock?"

"The stock price does not tell me anything about a company. Its business numbers tell me everything. "

"We are based out of Omaha and not Wall Street because there is no static here, no unnecessary stimulation. We only get facts here. If we were at Wall Street, we would be a lot poorer."

Securities analysis is an intellectual business, limited to:

A) Define your area of competence

B) In that area, buy good companies cheap w.r.t value.

Making money in the stock market is simple. That is why it is not easy. Most people would find a simple method boring. They prefer complicated, ineffective techniques. And they end up losing money.

Credits:

Why is Father's Day celebrated today in the U.S.? Is there a specific reason this particular date was chosen?

Here in Italy, we always celebrate Father's Day on March 19th, which is the Feast of Saint Joseph, the earthly father of Jesus. ✝️💙

I'm just genuinely curious and would love to learn a little more about the history behind it.