Quote:
Originally Posted by Stu from NYC
I didnt think my comment was snide, when I need investment advise would want to go to people who are knowledgeable not a bunch of anonymous folks who may or may not have a clue on stocks.
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We tend to think alike until we read an try to make it make sense. Knowledgeable vs dismissing others. We tend to dismiss people who do not repeat what we do not realize we are repeating as being wrong or more often we choose other demeaning adjectives.
Knowledgeable? Buffet is knowledgeable personified. We have even coined the term Buffet like. I find the reality amusing. Buffet has said that was a mistake I lost 45 million dollars on that-oops. My reality, was I to lose 45 million there would be a lot of people wondering how they could have been so stupid as to lend me that much money.
Buffet does not even trade in the same market where we prawns swim. Also amusing
Buffet is 86 years old. Buffet says he buys stocks for long term. Is he in different world? Buffet is a math genius. Does he simply refuse to see an actuarial table?
Diversified? Our most recent collapse, was it 2006. Real Estate took a dive. Stocks took a dive. Bonds took a dive. Antiques took a dive. The only thing that held it's value was gold. No I did not have gold then and I do not have gold now.
We think gold and real estate always go up. I remind all of us, including me EXCEPT WHEN THEY DON'T.