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999 Warren Buffett Quotes - Learn His Secrets of Investing During & After Crisis

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One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong

The market, like individual stocks, can move in the opposite direction of the fundamentals over the short term Be optimistic about America and investing in general Market declines are great opportunities to buy stocks in companies that you like You can never predict the market It takes years, not months to produce big results You can make serious money by compounding a series of 20-30 percent gains in Stalwarts Stock prices often move in opposite direction but the long term, the direct and sustainability of profits will prevail Buying a company just because its cheap is a losing strategy Selling an outstanding fast grower because its stock slights overpriced is a losing technique You don’t lose anything by not owning a successful stock Stock doesn’t know that you own it Don’t be attached to a winner Don’t stop monitoring the story If you don’t think you can beat the market then buy a mutual fund Keep an open mind to new ideas Read One Up On Wall Street by Peter Lynch Chapter 19 full su...
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The Dhandho Investor SUMMARY Chapter 6 Dhandho 101 Invest in Existing Businesses

Stocks do better than virtually all other asset classes. The first stock market was formed in 1790 in Philadelphia followed by NYSE in 1792. A stock is an ownership in an existing business suggested by Benjamin Graham. 6 big advantages the stock market offers versus the buying and selling of entire businesses:

1. When you buy and entire business either you run it or find someone to run it.

2. When you buy a stock you can share in all the rewards of business ownership without much effort and can choose the compound duration. The key: participate using Dhandho investing Framework.

3.The prices in stock market are determined by an auction process. This leads to wide difference between the value of a business and its quoted price.

4.  You need huge capital to buy an entire business while you can start with little capital in the stock market.

5.  With the power of internet you can buy a stake in publicly traded businesses around the world while it can be fairly hard to find private business for sale locally.

6.  The cost of buying and selling in the stock market is lower usually around $10 compared to 5-10% when you buy or sell private business. Ultra-low frictional costs are a huge advantage.

Ownership stake in a few businesses is the best path to building wealth. It’s the Dhandho way to go!

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