It is possible for the stock market to price things wrong!
You can find wonderful businesses on sale often. Buffett has this to say about the stock market. Equity markets swing wildly from day to day on the smallest of news, rally, and crash on sentiment, and celebrate or vilify the most inane data points. Value is what you get. Buffett himself has kept out of the technology sector for the most part, given his lack of knowledge of the sector.
Berkshire Hathaway has taken a different approach and instead focused on investing in the right companies. Buffett and his partner have long worked with the same people with whom they have long histories of trust and experience. Any good investor should do the same. It makes little sense if you know what you are doing. When it rains gold, put out the bucket, not the thimble.
There’s no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don’t have the stomach to see it through.
I rest my case.
With Investor Phil Town
Allen Though investing in a savings account is a sure bet, your gains will be minimal given the extremely low interest rates. But don’t forgo one completely. A savings account is a reliable place for an emergency fundwhereas a market investment is not.
Your career is the engine of your wealth.
It starts with a successful career which relies on your skills and talents. Invest in yourself through school, books, or a quality job where you can acquire a quality skill set.
Identify your talents and find a way to turn them into an income-generating vehicle. In doing so, you can truly leverage your career into an “engine of your wealth.