FYI: •“Inactivity strikes us as intelligent behavior.”
•“The only value of stock forecasters is to make fortune-tellers look good.”
•“We continue to make more money when snoring than when active.”
•“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”
In addition to these words of caution, Buffett recommends that if you simply cannot resist the temptation to time the market, then you “should try to be fearful when others are greedy and greedy only when others are fearful.”
Regards,
Ted
http://mutualfunds.com/expert-analysis/warren-buffett-suggests-successful-investing-requires-discipline/
