There's likely more new investors/traders in the market than ever before? Many have no idea?
COVID-19? Can't dispose of disposable income easily, superannuation withdrawal, free time?
What's the average person with excess money, free time and a near zero interest rate do?
Social media, hype, FOMO? 3DP isn't going to the moon today, but a stock with a puffy tail is?
Here's some lovely Warren Buffett quotes which I'm sure most of you will have heard before: - "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." - "Widespread fear is your friend as an investor because it serves up bargain purchases." - "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." - "Risk comes from not knowing what you are doing." - "Never invest in a business you cannot understand." - "If a business does well, the stock eventually follows." - "Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years." - "Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic." - "If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes." - "Our favorite holding period is forever." - "Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.'" - "The stock market is designed to transfer money from the active to the patient." - "Time is the friend of the wonderful business, the enemy of the mediocre." - "Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market." - "Diversification is protection against ignorance. It makes little sense if you know what you are doing." - "Wide diversification is only required when investors do not understand what they are doing."
