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Gold/Mining/Energy : Verde Agritech -- Ignore unavailable to you. Want to Upgrade?


To: No Mo Mo who wrote (246)1/15/2010 10:27:50 PM
From: marcos  Read Replies (1) | Respond to of 16582
 
'I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

[...]

Price is what you pay. Value is what you get.

[...]

Someone's sitting in the shade today because someone planted a tree a long time ago.'

en.wikiquote.org

Buffett would have been my first guess too, but google is voting that it was his hero Benjamin Graham -
google.ca

Wikiquote doesn't have that, but wikipedia does, just not inside quote marks -
en.wikipedia.org

'Graham wrote that the owner of equity stocks should regard them first and foremost as conferring part ownership of a business. With that perspective in mind, the stock owner should not be too concerned with erratic fluctuations in stock prices, since in the short term, the stock market behaves like a voting machine, but in the long term it acts like a weighing machine (i.e. its true value will in the long run be reflected in its stock price).