Warren Buffett: This Type of Investor Are Dumb.

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I pleaded with family members to stay in investments during housing crisis. They didn’t listen and cashed out a a 30% loss. It’s a marathon people! 15 years later they would be so far ahead. They are just used to absorbing fear.

cconnon
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I’ve had to listen to this Warren’s message like 10 times already to appreciate this message. At the beginning of my investing career 3 months ago I thought I got the trick so I put all my money in Apple on June and it didn’t move up
So I got tired of waiting to go up and I sold it loosing money. Second day it went up. And now I see them so high that I do not want to buy it anymore.

inmylifetime
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You're talking to rich people. I don't have money to be comfortable investing

tomford