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To: jhg_in_kc who wrote (66334)9/20/1998 8:05:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 176387
 
To All: Every time I see this quote from Warren Buffett it pisses me off. It seems humanly impossible to do what he advises. Any comments?
"If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period?
"Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall.
"This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."
- Warren Buffett, 1997 Chairman's Letter

So is next week going to be an up week or a down week, even though we shouldnt care,
jhg