The legendary investor says the last thing you should do is buy and sell stocks for quick profit.
Source: CNNMoney Reports Ã¢â‚¬â€œ video report
Keys: Finance, investing, stock markets
Questions for discussion:
- According to Buffett, ignoring the Ã¢â‚¬Å“ups and downsÃ¢â‚¬Â and only looking at the long term Ã¢â‚¬Å“average priceÃ¢â‚¬Â paid for stocks makes sense if you have a long time horizon and the stock market consistently increases. Do you think BuffettÃ¢â‚¬â„¢s advice makes sense today for young as well as for older investors?
- What do you think he means by the term Ã¢â‚¬Å“saverÃ¢â‚¬Â as opposed to Ã¢â‚¬Å“investorÃ¢â‚¬Â?
- How do you think the stock market will perform over the next few years? Explain your answers.