Back in 2008, in a letter to Berkshire's shareholders, Warren Buffet left this nugget (below) to digest. This quote was picked up from Business Insider and the link is provided here.
""I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits."
This quote is a reminder that wealth building does not mean ruining your quality of life.Because there are ample opportunities to create a sustained level of wealth, there should not be a reason to be so stressed over investments that you lose sleep.
If
you have any stocks that you think KDK Fund would be interested in
researching, let us know at kdkfund@gmail.com or twitter @kdkfund.
**All
posts on this blog are information and opinions only. They are not to
be considered recommendations to buy or sell any security. Please do
your due diligence first before trading and investing. Please direct all
questions and comments to the blog or to kdkfund@gmail.com**
Showing posts with label Throw Back Thursday. Show all posts
Showing posts with label Throw Back Thursday. Show all posts
Thursday, November 6, 2014
Thursday, October 16, 2014
Throw Back Thursday Philip Fisher Style
Hey
This quote is pulled from Philip Fisher's book " Common Stocks and Uncommon Profits". It is amazing to hear what he is talking about being that it is 1956, not 1996!
"One potential development, color television, has possibly been overdiscounted by the general public. Another is a direct result of transistor development and printed circuitry. It is a screen-type television with sets that would be little different in size and shape from the larger pictures we now have on our walls.
Yes, he is speaking of flat screen TV's. The company he is talking about is Motorola. Amazing.
Happy Trading and Investing!
This quote is pulled from Philip Fisher's book " Common Stocks and Uncommon Profits". It is amazing to hear what he is talking about being that it is 1956, not 1996!
"One potential development, color television, has possibly been overdiscounted by the general public. Another is a direct result of transistor development and printed circuitry. It is a screen-type television with sets that would be little different in size and shape from the larger pictures we now have on our walls.
Yes, he is speaking of flat screen TV's. The company he is talking about is Motorola. Amazing.
Happy Trading and Investing!
Thursday, October 9, 2014
Throw Back Thursday Quote Courtesy of Gerald Loeb (EF Hutton)
Gerald Loeb, a famous trader, and one of the leaders of the old EF Hutton, dropped the following quote on prospective investors:
"When nothing but cash is held, no decision need be made at all unless conditions are completely satisfactory. Either a suitable opportunity may be present, so that a purchase can sensibly be made, or the pros and cons may be so balanced that nothing is done.
The worst that can happen if the latter decision is reached is that an opportunity will be missed through caution, which is an inconsequential misadventure. Other opportunities always come in due time, and if one's attitude towards speculation and investment is shaped along those lines described...nothing will be lost in either eventual profits or peace of mind. "
KDK Fund feels very similar in regards to the last sentence of the quote and makes it a point to follow when making trades or investments. Opportunities do come in due time. The investment landscape is full of opportunity. When that is the attitude, there is no need to cut corners in order to make a trade or investment. Always do your full analysis and due diligence. An investment or trade will regularly find you.
If you have any stocks that you think KDK Fund would be interested in researching, let us know at kdkfund@gmail.com or twitter @kdkfund.
**All posts on this blog are information and opinions only. They are not to be considered recommendations to buy or sell any security. Please do your due diligence first before trading and investing. Please direct all questions and comments to the blog or to kdkfund@gmail.com**
"When nothing but cash is held, no decision need be made at all unless conditions are completely satisfactory. Either a suitable opportunity may be present, so that a purchase can sensibly be made, or the pros and cons may be so balanced that nothing is done.
The worst that can happen if the latter decision is reached is that an opportunity will be missed through caution, which is an inconsequential misadventure. Other opportunities always come in due time, and if one's attitude towards speculation and investment is shaped along those lines described...nothing will be lost in either eventual profits or peace of mind. "
KDK Fund feels very similar in regards to the last sentence of the quote and makes it a point to follow when making trades or investments. Opportunities do come in due time. The investment landscape is full of opportunity. When that is the attitude, there is no need to cut corners in order to make a trade or investment. Always do your full analysis and due diligence. An investment or trade will regularly find you.
If you have any stocks that you think KDK Fund would be interested in researching, let us know at kdkfund@gmail.com or twitter @kdkfund.
**All posts on this blog are information and opinions only. They are not to be considered recommendations to buy or sell any security. Please do your due diligence first before trading and investing. Please direct all questions and comments to the blog or to kdkfund@gmail.com**
Thursday, October 2, 2014
Throw Back Thursday Quote via Charles Merrill
This week's Throw Back Thursday writing comes from Charles Merrill. It is a snipet from a letter he wrote to his staff in 1940. It gives a sense of leadership that, even though should be, is not always followed today. Maybe a reminder will give those in leadership positions within the financial industry is what is needed. Here is the snipet:
" We've got a job to do-we in the security business-a job of reestablishing faith in the security market as a place for sound investment. This job ought to be done by everybody in the security business, and we think in time will be. But we are not going to wait for someone else to start it. We are no smarter or better than our competitors, and we have no thought whatsoever of driving anyone out of business. But we do recognize certain fundamental facts that have to be coped with by our business in its relations with the public, and we are going to make a beginning."
If you have any stocks that you think KDK Fund would be interested in researching, let us know at kdkfund@gmail.com or twitter @kdkfund.
**All posts on this blog are information and opinions only. They are not to be considered recommendations to buy or sell any security. Please do your due diligence first before trading and investing. Please direct all questions and comments to the blog or to kdkfund@gmail.com**
" We've got a job to do-we in the security business-a job of reestablishing faith in the security market as a place for sound investment. This job ought to be done by everybody in the security business, and we think in time will be. But we are not going to wait for someone else to start it. We are no smarter or better than our competitors, and we have no thought whatsoever of driving anyone out of business. But we do recognize certain fundamental facts that have to be coped with by our business in its relations with the public, and we are going to make a beginning."
If you have any stocks that you think KDK Fund would be interested in researching, let us know at kdkfund@gmail.com or twitter @kdkfund.
**All posts on this blog are information and opinions only. They are not to be considered recommendations to buy or sell any security. Please do your due diligence first before trading and investing. Please direct all questions and comments to the blog or to kdkfund@gmail.com**
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