Investing Fortitude

[mmk]

Warren Buffet says: "be fearful when others are greedy and greedy when others are fearful". In addition to this being a rather simplistic credo, as with most significant ideas, it is incredibly hard to implement.

Hard to implement most for the fortitude, for the cast iron lining of the stomach required. There are huge bargains around - there's a

Comments

[inthing]

Totally agree. Ever since, Buffet made an $5B investment into GS, his philosophy has been a topic of discussion amongst my friends.

> The hard understanding for me is that in addition to financial acumen, you need to have the cast iron resoluteness to be able to invest.
May be bravado is not a bad thing to have afterall .. :)

Heh

[mmk]

Good point:

> May be bravado is not a bad thing to have afterall .. :)

Somehow for me it always turns out that bravado == foolish. For him, obviously not :D

[skjaidev]

There aren't many who can get the terms that Buffet gets. Most companies want the Buffet name against them, so he's able to drive a hard bargain. Just look at the terms of his deals with GS, GE, etc. He isn't just buying common stock.

Agree

[mmk]

He's driving a hard bargain for his "brand". But the point is, he is putting real money on the line.

That's hard.

[kingsly]

And there is also Raven the Chimp.

my investing blog

[klooloola]

If you wish to discuss stock investments the links to my sites are at my blog.

http://longtermequity.blogspot.com/

The best way to dig up some courage is to invest when the big guys are on your side. Like my recent purchase of Strategic Hotels, which is a also owned by Bill gates. It could go wrong but I have 10 such bets; on the average they will work out fine. I also own Berkshire.