"We should wish for IBM's stock to languish throughout the (next) 5 years," writes Warren...

"We should wish for IBM's stock to languish throughout the (next) 5 years," writes Warren Buffett (BRK.A), explaining in one sentence a key to his market success. While most take comfort seeing stock prices advance, net buyers (either direct purchases or through ownership of firms buying back stock) benefit when prices swoon. Would a commuter rejoice after the price of gas increases just because his tank is full? (2011 annual shareholder letter)

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Comments (5)
  • yaga
    , contributor
    Comments (130) | Send Message
    "Oh ye of little faith" all any reader has to know about me is that after inheriting a great deal of money at age 15, I have been actively buying, holding, trading, long and short and have a net worth which exceeds many mid cap companies. Read my comments if you want to , I offer no advise, as each individual has different goals and circumstances.
    Only if you invest, do not listen to any advise assuming you are a well educated individual. ( I have three advanced degrees) read all the financial news daily as well as all sides of the political spectrum. You must not let your ideology interfere with your financial decision, and have bit of luck.......
    25 Feb 2012, 09:44 AM Reply Like
  • Money Beaver
    , contributor
    Comments (27) | Send Message
    Yaga, how is your comment relevant to the article?
    25 Feb 2012, 10:19 AM Reply Like
  • johnybutts
    , contributor
    Comments (65) | Send Message
    Titanos: it's not.
    25 Feb 2012, 10:51 AM Reply Like
  • tigersam
    , contributor
    Comments (1707) | Send Message
    Warren will buy Apple stock when Apples goes to $2000 and he will make tons of money. Just keep a watch
    25 Feb 2012, 11:42 AM Reply Like
  • yaga
    , contributor
    Comments (130) | Send Message
    titanos, my clip did not pertain because Seeking alpha asked me to tell something about myself which I did. In the future my opinions will only pertain to the article at hand. Good fishing , Buy IBM, PVX, and MO
    You won't be sorry.
    26 Feb 2012, 11:24 AM Reply Like
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