August 29, 2007
Warren Buffett, Teenage Chart Fiend, Grows Up
Great quote (among many in this video series) from Buffett:
“I was very fortunate because I picked up a book [Graham & Dodd’s Security Analysis] when I was nineteen … I got interested in stocks when I was about six or seven and then I bought my first stock when I was eleven, but I was playing around with all this stuff, you know I had charts and volume and I’m making all kinds of technical calculations and everything, and then I picked up a little book and it just said that you’re not buying some little ticker symbol that bounces around every day, you’re buying a part of a business. As soon as I started thinking about it that way, everything else followed.”
Cat: | Time: 6:39 pm (utc+8)
September 3rd, 2007 at 11:12 pm
I wonder how much capital is generated from longer term investments using fundamentals, compared to day-trading activities in your readership? I know that most are day traders but I would assume that most also have some longer term positions based not on technicals.