James Ng

Buffett admits that choosing a good star company is more important than superb investment skills and a wealth of information channels. If you buy a bad stock, choose a leaking boat to sail, and if your boating skills and ability are so great, it will sooner or later sink. Professional investors do not focus on what companies will do in the years to come. Instead, many prominent brokers are now focused on predicting what other brokers will do in the days ahead.

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James Ng