Quote of the day: Warren Buffett

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Warren Buffett is a confident investor who believes in the companies he buys. As a result he said the following at his recent Annual General Meeting:

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“If a stock [I own] goes down 50%, I’d look forward to it. In fact, I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month.”
Warren Buffett: Stop Worrying, and Learn to Love the Bear, WSJ, 12 Jul 2008

Now, that’s confidence.

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