Tuesday, August 19, 2008

Warren Buffet vs Lou Simpson - Principles of Investing?

Robert P Miles shared with the audience on the Principles of Investing of Warren Buffet and Lou Simpson on Sunday August 17, 2008 at INVESTFAIR '08. I'll bear in mind but will not follow now. Why?

If The Joseph Cycle is correct, now is not the time to bargain hunt, to invest in the stock market for the long term. I would prefer to wait till the market bottoms out at the end of the bear run to position my investments for the bull run to come. Now is the time for short term investing or trading, provided one can read the market trends or direction correctly, whether one goes long or short.

Preservation of Capital is my number one priority now.

Follow Warren Buffet's Rule #1 =Never Lose Money, Rule #2 = Never Forget Rule #1!

Follow George Soros = Survival First, Make Money Afterwards!

Even PM Lee said at his ND Rally last night, the slow down might continue till next year, but the experts think it might be longer!

"The Joseph Cycle is a time cycle. Whoever masters time is a master of events. Whoever masters himself is a master of men. Whoever masters himself and time, is a master of wealth” S Westgate Quote by The Joseph Cycle

No comments:

Should I keep my Whole Life Policies?

I have a whole life policy (death/tpd) and another 3 for CI/TPD/death. I no longer need insurance for death as I do not have any depe...