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Buffett's advice on investing
- Thread starter vgane
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mkrishna100
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For me reading Warren Buffet's books helped me develop the proper mental framework to enter stock market boldly and I was immensely benefited by it .
prasad1
Active member
Billionaire investor Warren Buffett told CNBC on Monday that if someone invested $10,000 in an index fund back in 1942, it would be worth $51 million today.
"The best single thing you could have done on March 11, 1942 — when I bought my first stock — was buy an index fund," Buffett told CNBC's "Squawk Box."
Since that time, Buffett said that Americans have seen 14 U.S. presidents, a world war, 9/11 and the Cuban Missile Crisis. "The only thing you had to believe in [1942] is that America would win the war and that America would progress as it has ever since 1776," he said. "The headlines were terrible every day."
Buffett, who was 11-years-old in 1942, said that people can be enticed into the stock market at the wrong time, adding all investors need to do is "buy a cross-section of America."
"Most people get excited about a stock or the market after it's gone up," Buffett, now 87, said. "I mean their neighbor made a lot of money and they know they're smarter than their neighbor. ... It's very frustrating."
https://www.cnbc.com/2018/05/07/warren-buffett-10000-invested-in-an-index-fund-when-i-bought-my-first-stock-in-1942-would-be-worth-51-million-today.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo
"The best single thing you could have done on March 11, 1942 — when I bought my first stock — was buy an index fund," Buffett told CNBC's "Squawk Box."
Since that time, Buffett said that Americans have seen 14 U.S. presidents, a world war, 9/11 and the Cuban Missile Crisis. "The only thing you had to believe in [1942] is that America would win the war and that America would progress as it has ever since 1776," he said. "The headlines were terrible every day."
Buffett, who was 11-years-old in 1942, said that people can be enticed into the stock market at the wrong time, adding all investors need to do is "buy a cross-section of America."
"Most people get excited about a stock or the market after it's gone up," Buffett, now 87, said. "I mean their neighbor made a lot of money and they know they're smarter than their neighbor. ... It's very frustrating."
https://www.cnbc.com/2018/05/07/warren-buffett-10000-invested-in-an-index-fund-when-i-bought-my-first-stock-in-1942-would-be-worth-51-million-today.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo
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