W&W Wealth Management

What do Lynch and Buffett have to say about the economy ?

martinwo
Publish date: Tue, 04 Sep 2012, 11:39 AM

Fidelity Investments’ Peter Lynch says if you spend 13 minutes a year thinking about the direction of the economy, you’ve wasted 10 minutes.

At the Berkshire Hathaway shareholder meeting earlier this year, Warren Buffett said in the 47 years he and his business partner Charlie Munger have known each other, they have “never talked about macro stuff.”

Interestingly enough to not put too much weight on the economy.

Discussions
2 people like this. Showing 5 of 5 comments

KC Loh

They are right because they look over a ten- to twenty-year period. Market always rises eventually, unless the country is bankrupt!

2012-09-04 12:31

liew kimguan

totally agree, i always concern macro and micro economy. actually, i must fully concern my right way of stock analyse, selection and investment. the good fundamental stock will only influence by a minority effect from macro and micro environment unless the country is bankrupt.

2012-09-04 14:30

datuk

Any effort puuting in for time the stock market is a waste of time.

The correct approach is balance exposure in different asset class and let the sectorial blue chip expanding your wealth effortlessly.

2012-09-04 14:38

tjha

Lynch is famous for running a long only fund and Berkshire likes to keep at least $20 Billion in cash.

Neither needs to care one whit what the economy is doing as they have no financial leverage and can afford to play the long game.

If you manage a business instead of investing for a living, then it becomes much more pertinent to you whether households are saving or spending, wouldn't you agree?

2012-09-04 20:31

AL833D

You know ? the most beautyful formula in Physics, Schrödinger equation,Maxwell's equations ,E=mc2 from Einstein,the Pythagorean theorem; and Isaac Newton's F=ma. why? becoz this type of formula never tell u 'time'! 't' . If 'sifu' say klci will go to 1700, u ask when , he just keep quet, then he will be ur 'beautiful sifu' forever (coz when klci reach 1700 u will remember 'sifu' what he say so chun!) good 9.

2012-09-05 00:13

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