It's good to buy if you
- have fun in the trade
- earn money at the end of each year no matter how small it is
- financial independent
- nobody suffers from your mistakes
It's better to buy after you know
- the current phrase of business cycle
- the trend of interest rates
- the over-all governmental attitude toward investment and private enterprise
- the long-range trend to more and more inflation
- new inventions and techniques as they affect old industries
It's best to buy when you
- have $100,000 plus cash on hands without any use in the forseeable 10-20 years
- have $3,000 extra cash monthly available for investment
- enjoy reading books in economics, business, taxation, psychology, and finance
- have peace of mind
- read stock analysis and intelligent investors at least 3 times
- read Buffet's letters to his investors for the past 30 years
- in good physical health
To make you angry, I don't know when to buy to make a good money. If I do, I will not have the time to write this nonsense.
