Quote of the day: Warren Buffett

By Edward Harrison On Jul 14, 2008

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:

“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.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

Mark Wadsworth says 16 years ago

He is a cunning cove. He is talking down the market so that he can snap up companies cheaply. Good for him, frankly.

Word verification: iqinc (=IQ Inc.)

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