"I think the worst mistake you can..." - Quote by Warren Buffett
I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
More by Warren Buffett
“It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.”
“I think that actually people in my situation should be paying more tax.”
“For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.”
More on Investing
“Investing is forgoing consumption now in order to have the ability to consume more at a later date.”
“I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.”
“Lethargy, bordering on sloth should remain the cornerstone of an investment style.”
More on Stock Market
“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”
“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.”
“The stock market has spoiled more appetites than bad cooking.”