The legendary investor says the last thing you should do is buy and sell stocks for quick profit.

Source: CNNMoney Reports – video report

Date: 5/07/2009

Keys: Finance, investing, stock markets

Link: http://money.cnn.com

Questions for discussion:

• According to Buffett, ignoring the “ups and downs” and only looking at the long term “average price” paid for stocks makes sense if you have a long time horizon and the stock market consistently increases. Do you think Buffett’s advice makes sense today for young as well as for older investors?
• What do you think he means by the term “saver” as opposed to “investor”?
• How do you think the stock market will perform over the next few years? Explain your answers.