Wednesday, December 28, 2005

Why more people don't follow Warren Buffett's advice?

- The advice doesn't promise enough...it's not a "get rich quick" scheme, which is what a lot of other philosophies promise

- WB mentioned that when he was really young he started investing using technical analysis, but found that he never could make any money with it

- "I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer."

- After seeing that charting didn't work, he switched to Graham...it made sense and it worked

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