I love what Warren Buffett said on CNBC this morning about selling stocks when they're down....
"If you bought your house for $20,000 and someone came along and said, I'll buy your house for $15,000..... you wouldn't sell would you".
Implying that you know/think/historically your house value is going to go UP over time.....
He's talking about being an INVESTOR for long term and investing in the value of the underlying company -- versus investing in the PRICE of the stock. Think about that..... it's a typical great Buffett / Investing philosophy.
|