The complete phrase – “The market, like the Lord, helps those who help themselves. But unlike the Lord, the market does not forgive those who know not what they do.”
Warren Buffett always emphasizes that an investor needs to know what he/she is doing when investing. He/she should remain in his/her circle of competence. Indeed, he practices what he preaches – During the 2000 tech stock bull run, he refused to buy technology stocks because he did not understand technology (he didn’t even have a computer in his office!). Many investors felt that he was missing out a great deal of profits from tech stocks. Even his close friend, Bill Gates, could not convince him to invest in Microsoft. However, Buffett had the last laugh when the tech bubble burst.
You may also like:
- Warren Buffett – “I’d be a bum on the street with a tin cup if the markets were always efficient.”
- Warren Buffett – "Risk comes from not knowing what you're doing."
- The Winning Investment Habits of Warren Buffett & George Soros by Mark Tier
- Warren Buffett – "Our method is very simple…"
- Warren Buffett – "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
- The Warren Buffett Way – Robert Hagstrom
- Warren Buffett – "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
- Warren Buffett is buying American stocks now
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
