Warren Buffett, Investment Advice

Words of wisdom from the Oracle of Omaha (equally applicable to domain name investments and domainers):

  • Ignore the chatter, keep your costs minimal, and invest . . . . as you would in a farm.
  • Hold assets for the long term rather than a constant flux of buying and selling.
  • Treat daily price changes as background noise, to be ignored in pursuit of a greater objective.
  • Own a cross section of businesses that in aggregate are bound to do well.
  • Forming macro opinions or listening to the macro or market predictions of others is a waste of time. 
  • Investors should instead focus on the future productivity of assets, rather than speculating on price movements.
  • Games are won by players who focus on the playing field - not by those whose eyes are glued to the scoreboard.
(note: see disclaimer below)

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