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Njunge
#11 Posted : Wednesday, November 05, 2008 8:03:00 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Young,

Win win....am over the top with EB....Picked 30K pieces at 119 and 122.....was i wrong??
Nothing great was ever achieved without enthusiasm.
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young
#12 Posted : Wednesday, November 05, 2008 8:19:00 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Absolutely !!!

Thanks and bye


AFRICAN INVESTOR
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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sheep
#13 Posted : Wednesday, November 05, 2008 10:06:00 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
im so happy today,i had bought so many stocks i had ran out of money and just as i was about to start crying,the market got me with my pants up.....i wont buy for a long time to come....halleluiyah..
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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half_empty
#14 Posted : Thursday, November 05, 2009 4:41:00 PM
Rank: Member

Joined: 3/23/2007
Posts: 127
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VituVingiSana
#15 Posted : Thursday, November 05, 2009 8:06:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Buffet is smart... and when he buys he looks at fair price (intrinsic value) not the current price... what I mean is that WB buys when he think the price is right (or undervalued)... so it matter little if the price drops coz it will come back...
**** Of course,the fundamentals - economy,industry,sector - have to be the same...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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The General
#16 Posted : Friday, November 06, 2009 7:07:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
His latest buy BSNF

Quite a business this is. Some fellas locally were to/did pull off the same.

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
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VituVingiSana
#17 Posted : Friday, November 06, 2009 7:13:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Buffet doesnt buy 'turnaround' businesses... BNSF was doing OK thank you... but he gave it some whoomp... whereas RVR (old KR) was a dead business & now even deader!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Nairoberry
#18 Posted : Friday, November 06, 2009 10:27:00 AM
Rank: Member

Joined: 9/24/2009
Posts: 20
The reason WB looks at long term is because he has experience in short term failures. Dude was once bankrupt,owing over a billion USD and look at where he is now? He actually used to advise Bill Gates: compare their networth.

The last time global recession hit stocks this big was in 1929 and the market did not recover for about 5 years. Most of you,NSE (and for some your parents) were just rumours back then and it might break some hearts and egos to say the market will have recovered by 2016 as some collumnist put it...and most of you are lucky the slump taught you this early in your not-so-elaborate 'stocks careers'. Lets all stand up and clap for the recession.

I mean lets all invest for 2030 and 2040 not for an unprecedented act of God that will take the NSE all share Index to 10,000...because,that wont happen.

Nairoberry-'The darker the berry the sweeter the juice'
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Mainat
#19 Posted : Friday, November 06, 2009 11:37:00 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Buy and hold doesn't work all the time. Infact,it only works if you buy months before an economy hits rock bottom. And this doesn't apply in every market...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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VituVingiSana
#20 Posted : Friday, November 06, 2009 12:39:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@nairobbery - Erm,when was WB bankrupt? Puhleeze tell me with sources... WB is not Donald trump...

**** @mainat - Well,the B&H strategy is not absolute... meaningu do sell at some point if there are better opportunities BUT if done the WB way produces much better results than any trader I have read about...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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