Buffett never bets with sucker odds!

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Buffet, Lynch and other legends - Investing Strategies
The Equity Desk Forum :Market Strategies :Buffet, Lynch and other legends - Investing Strategies

Topic: Buffett never bets with sucker odds!

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kulman Senior Member Joined: 02/Sep/2006 Location: India Online Status: Offline Posts: 9319	Posted: 23/Nov/2007 at 6:27pm
	“What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know. An investor needs to do very few things right as long as he or she avoids big mistakes.”---Warren Buffet in 1992 Letter to Berkshire Hathaway shareholders
	Life can only be understood backwards—but it must be lived forwards
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johnnybravo Senior Member Joined: 17/Jan/2007 Online Status: Offline Posts: 533	Posted: 23/Nov/2007 at 7:43pm
	IQ has little to do with investing success. The great physicist Einstein lost his Nobel Prize money in US bonds that defaulted. As Warren Buffett famously said, “Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.” Something that comforts people like me who have -ve IQ.
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Mr. V Senior Member Joined: 01/Mar/2007 Location: United States Online Status: Offline Posts: 903	Posted: 23/Nov/2007 at 9:36pm
	Investors need EQ and not IQ.
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kulman Senior Member Joined: 02/Sep/2006 Location: India Online Status: Offline Posts: 9319	Posted: 23/Nov/2007 at 10:04pm
	As Warren Buffett famously said, “Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.” Something that comforts people like me who have -ve IQ. -------------------------------------------------- Tushar Bhai....it's nice (& comforting) to know that there are people like me on TED.
	Life can only be understood backwards—but it must be lived forwards
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smartcat Senior Member Joined: 29/Mar/2007 Location: India Online Status: Offline Posts: 4243	Posted: 23/Nov/2007 at 11:11pm
	Before TED, my pet cat used to pick better stocks than me by pawing at the scrolling ticker on CNBC After TED, I'm doing quite well but I still consult her for my big investments decisions. Edited by smartcat - 23/Nov/2007 at 11:37pm
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kulman Senior Member Joined: 02/Sep/2006 Location: India Online Status: Offline Posts: 9319	Posted: 23/Nov/2007 at 8:10am
	ha ha ha MEOW !!!! Such stock picking is said be better than dart boards.
	Life can only be understood backwards—but it must be lived forwards
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vincent Groupie Joined: 16/Jun/2007 Online Status: Offline Posts: 83	Posted: 23/Nov/2007 at 10:04am
	The book *"When Genius Failed*" is probably a good example of how people with the highest IQ's including two nobel laureates failed in their venture. Infact even Buffett was asked to help them by buying them out but, as this the title of this topic goes "he never bet on sucker odds!" http://www.amazon.com/When-Genius-Failed-Long-Term-Management/dp/0375758259
	Time is your friend on the road to wellbeing.
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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 24/Nov/2007 at 10:14am
	So You Want To Be The Next Warren Buffett?
	'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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