Question: What advice would you give to new investors? Warren Buffett: I think you should read everything you can. In my case, by the age of 10, I’d read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense. […]
Tag: Ben Graham
Buffett: Invest in Businesses You Understand
Question: If you can’t talk with management, and can’t read the annual report, and didn’t know the price, but could only look at the financial statements, what metric would you look at? Buffett: Investing is laying out money now to get more money later on. Let’s leave the market price out. If you were buying […]
Why it is tough to short stocks
Buffett: Companies with a large short interest very often have been revealed as frauds or semi- frauds – not the one my friend runs. Over the years, I’ve probably had 100 ideas of things to short and I would have eventually been right [on almost all of them]. But [because it’s so hard to get […]