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Strategies & Market Trends : Value Investing
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To: Cogito Ergo Sum who wrote (32529)10/18/2008 8:03:46 AM
From: Mark Marcellus  Read Replies (1) of 78915
 
You are guaranteed to miss the shot you never take

Buffett isn't a Gretzky fan on this one. He switches to baseball for his analogy:

"The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"
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