Tips and advice for smart investors by Warren Buffet:
1. Beware of companies displaying weak accounting.
2. Unintelligible footnotes usually indicate untrustworthy management.
3. Be suspicious of companies that trumpet earnings projections and growth expectations.
4. Suspect those CEOs who regularly claim they do know the future –and we become downright incredulous if they consistently reach their declared targets.
5. Managers that always promise to “make the numbers” will at some point be tempted to make up the numbers.
6. Derivatives are financial weapons of mass destruction.
7. A director whose moderate income is heavily dependent on directors’ fees is highly unlikely to offend a CEO or fellow directors, who in a major way will determine his reputation in corporate circles.
8. If regulators believe that “significant” money taints independence (and it certainly can), they have overlooked a massive class of possible offenders. (referring to outside directors)
Those attributes are two legs of our “entrance” strategy, the third being a sensible purchase price. We have no exit to strategy –we buy to keep.
That is one reason why Berkshire is usually the first- and sometimes the only –choice for sellers and their managers.
This is the synopsis of Warren Buffet speech in 2003
~
Source: sttockmarketguidei
At Sampark Online Finserv LLP, we provide financial advice and distribute various investment products with the most efficient & widest range, customized specifically to your NEEDS..@ Whether you are keen on small investments or playing it big, We provide financial advice and distribute various investment/financial products with the most efficient & widest range, customized specifically to your NEEDs.
Saturday, October 9, 2010
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Dec 03, 2009 सोने का नया रिकॉर्ड सोना जबरदस्त रफ्तार से दौड़ रहा है। हर रोज नए रिकॉर्ड बन रहे हैं। पिछले 15 दिनों में ही हाजिर बाजार में इ...
-
Those Who Joyfully Leave EVERYTHING IN GOD'S HAND Will Eventually See GOD'S HAND IN EVERYTHING WORRY ENDS, WHERE FAITH BEGI...
-
दोस्तों आपने कछुए और खरगोश की कहानी ज़रूर सुनी होगी, just to remind you; short में यहाँ बता देता हूँ: एक बार खरगोश को अपनी तेज चाल पर घमंड ह...
-
Hope this post helps one and all in understand how important it is to save consistently and regularly. One has no idea of the Power of C...
-
SENSEX-18845 Support-18750/18600/18480 Resistance-18990/19090/19150 NIFTY-5647 Support-5608/5570/5524 Resistance-5693/5720/5757
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD...
-
Systematic investment plans (SIPs) are here to stay. Going by the growing number of SIPs, it does look like investors have taken to them...
-
#Yoga and #SIP 1. #Consistency and #Discipline: - Just as yoga requires regular practice, commit to contributing to your SIP co...
-
The market has taken a pause after the steep fall in the early part of the series and has been consolidating in the range of 5380-5500 for t...
-
Here is a list of some useful sites on the Internet : .::. STOCK NSE (National Stock Exchange of India) BSE (Bombay Stock ...
No comments:
Post a Comment