Quote of the Week

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“So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls—but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.” Warren Buffett, billionaire investor, and Chairman and Chief Executive Officer Berkshire-Hathaway

“The most common cause of low prices is pessimism—some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer.” Warren Buffett

Additionally, Buffett said, “We don’t have to be smarter than the rest, we have to be more disciplined than the rest.”

More from Warren Buffett:

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