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To: JLS who wrote (44835)1/6/2001 1:34:19 PM
From: Kanetsu  Respond to of 57584
 
Some wisdom from the Oracle of Omaha...

"I have never met a man who could forecast the market."

"Forecasts may tell you a great deal about the forecaster, they tell you nothing about the future."

"Frequently in the financial markets, the weak link is borrowed money."

"Las Vegas has been built upon the wealth transfers that occur upon a number of seemingly-small disadvantageous capital transactions."

"try to be greedy when others are fearful and try to be very fearful when others are greedy"

"Instead of focusing on what businesses will do in the years ahead, many prestigious money managers today focus on what they expect other money managers to do in the days ahead"

From Ben Graham, Buffet's tutor:
"Mr. Market is very obliging indeed. Every day he tells you what he thinks your interest is worth"