2011年,老巴印度之行的谈话
“If you look at the typical stock on the New York Stock Exchange, its high will be, perhaps, for the last 12 months will be 150 percent of its low so they’re bobbing all over the place. All you have to do is sit there and wait until something is really attractive that you understand.”
“There’s almost nothing where the game is stacked more in your favor like the stock market”
“What happens is people start listening to everybody talk on television or whatever it may be or read the paper, and they take what is a fundamental advantage and turn it into a disadvantage. There’s no easier game than stocks. You have to be sure you don’t play it too often”
巴菲特的市场经验是股价的大幅度波动是长期存在的,而且发生在每一个股票上,无论是牛市,熊市还是猪市,更重要的是波动周期比较频繁,平均大约是一年左右时间。
在我之前观察了Tesla,TD, PH,CAT, FB, MCD, SBUX, RY等股票价格波动历史数据后,可以看到这些股票有一个共同点,在任何时候以任何价格买入,长期持有,至少不会亏钱。