Value Investing
Warren Buffett: I bought stocks in Wednesday's big selloff (01 Oct 2014)
ss20_20
Publish date: Wed, 15 Oct 2014, 12:32 AM
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坚守长期价值投资, 催化复利累进效应, 实现财务自主与享受写意人生
Value Investing & Joys of Compounding
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以下纯粹个人投资收集与记录，且本人非专业分析员，买卖亏盈自负。
The articles here solely the collection or opinion of the author and do not represent professional advice in investment
Value Investing & Joys of Compounding
___________________________________________________________________
以下纯粹个人投资收集与记录，且本人非专业分析员，买卖亏盈自负。
The articles here solely the collection or opinion of the author and do not represent professional advice in investment
Billionaire investor Warren Buffett told CNBC on Thursday he bought stocks in Wednesday's big selloff (01 Oct 2014).
He won't name names or whether he was adding to positions of his current holdings. But he did describe them in a "Squawk Box" interview as "names you'd recognize."
Buffett said he likes to buy stocks when they go down, not when they go up. "The more [the market] goes down, the more I Iike to buy." He added that trying to time the market by buying and selling individual names often is a "fool's game."
Any investor who's owned a cross section of American business has done really well over the past 10 or 20 years, he said. Over time, values do appreciate—not for every stock, he said, adding the Dow Industrial Average was under 100 during his lifetime.
With all the talk on Wall Street about when and by how much the Federal Reserve might start increasing interest rates, Buffett said the central bank's moves have no bearing on his investment strategies. "I really don't care about whether the Fed is going to raise interest rates."
He said he buys businesses that he thinks will be good for the next 50 years—such as the deal he announced on CNBC Thursday that he's buying the nation's largest privately held car dealership group, Van Tuyl Group.
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Discussions
3 people like this. Showing 6 of 6 comments
calvin, nobody expect great depression, they only talk abt slowdown.
there will never be another great depression for the next 10,000 years.
central banks already hacked the economy.
2014-10-15 01:35
it beats me to see everyone look up warren as a superhuman. god of investment????
pls study carefully dont just listen to the promotional stuff of warren.
on the lowest point of 2009 suprime crisi. the exact lowest point.
your great mr warren pronounced the end of the world.
what happened next? superbull run for next 5 years.
media is too kind not to bring this out to humiliate mr warren.
2014-10-15 01:38
Reading Buffet story seems like reading motivation book. It is difficult for him buy huge volume during bull run at fair prices. I learned a lesson in year 2008 as I followed him to buy shares at the time during initial stage of bear market. Unfortunately, the share price went down further 30% after 6 months. It's obviously an entire different ball game between Buffet and us. I would rather stand sideline for another 6 months at least before joiningpthe arty again. Kikiki.
2014-10-15 21:11
well...looking at the us future right now,tomorow market might break gonna be a blood bath
2014-10-15 21:16
If even Buffett can't buy at mart bottom, how many of us can? Many successful investors say they don't buy at the bottom and sell at the top, and this is one of their secrets to their fabulous wealth. I believe that investors like Buffett, Bogle, Mobius...are forever optimistic on the long term uptrend of stock marts - their mantra,""The world belong to the optimist!!"".
2014-10-24 14:26
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calvintaneng
Calvin think this round when all the World's Experts Expect Another Great Depression they will be very disappointed that it will end the other way round - A TIME OF RUNAWAY HYPER INFLATION INSTEAD!
During the 2nd World War the British in Singapore pointed their guns out at sea south of Singapore expecting to face invading Japanese there.
There were caught by Total Surprise When Japanese landed in Kota Bahru & traveled all the way to Singapore by bicycles!
If we still think of the Conventional Investment Strategy for A 2nd World Wide Depression We Will Be Grossly Disappointed This Time!
2014-10-15 01:34