Quote by Warren Buffett
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Summary
This quote reflects a cautious approach to investing in the stock market. The speaker emphasizes their belief in purchasing stocks with a long-term perspective, disregarding immediate gains or losses. This mindset implies a focus on the fundamentals of the companies they invest in, rather than trying to profit quickly from market fluctuations. By assuming the possibility of a prolonged market closure, the quote emphasizes the importance of making investments based on their long-term potential and resilience rather than short-term market performance.
Topics
Money
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