Quote of the day: Warren Buffett

| 14 July 2008 04:00

Warren Buffett is a confident investor who believes in the companies he buys. As a result he said the following at his recent Annual General Meeting:

“If a stock [I own] goes down 50%, I’d look forward to it. In fact, I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month.”
-Warren Buffett: Stop Worrying, and Learn to Love the Bear, WSJ, 12 Jul 2008

Now, that’s confidence.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

  1. avatar Mark Wadsworth says:
    14 July 2008 at 04:49

    He is a cunning cove. He is talking down the market so that he can snap up companies cheaply. Good for him, frankly.

    Word verification: iqinc (=IQ Inc.)