Chris - March 14, This qoute is great, especially the last part. Daring to sell too soon instead of trying to hit the absolute peak is something I struggle with constantly. Name, required. Email will not be published , required.
Website if present. Powered by WordPress. Styled by Sapphire Stretch. Home First Time Here? Billionaire investor Peter Lynch learned that skill from legendary business magnate Warren Buffett. As a result, he established the world's best-selling stock fund for over a decade during the s bull market. In an interview with Forbes Magazine as part of its " Greatest Business Minds" series, Lynch said Buffett taught him to embrace what he calls his own "greatest mistake," which was that he "always sold stocks way too early.
He recounts how Buffett once called him unexpectedly on a Saturday in to ask for a favor. When his daughter picked up the phone, she said, "It's Mr.
Buffett on the line. So I do more reading and thinking, and make less impulse decisions than most people in business. Source: Time Magazine. He shares his 3-part strategy for today's coronavirus-hit market - and outlines how he's mining real estate for opportunities.
The perfect amount to leave to your kids, he told Fortune in , is "enough money so that they would feel they could do anything, but not so much that they could do nothing. Source: Fortune.
Read more: 'I've gone to cash': Mark Cuban outlines his coronavirus investing strategy ahead of another 'leg down' in markets - and says now is the time to buy real estate.
He continued: "No one can tell you when these will happen. I forget it overnight. But being wrong - not taking the loss - that is what does the damage to the pocketbook and the soul. But if he didn't profit by his mistakes, he wouldn't own a blessed thing. In a bull market bear factors are ignored. Undertrade, undertrade, undertrade is my second piece of advice.
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