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youtube.com - Musician and Best Buy employee, Keith Parsons, rocks his Best Buy holiday campaign audition.
38 Comments
- fabriciom, on 03/05/2009, -1/+12"Buy when there is blood on the streets."
-Warren Buffett - billricardi, on 03/05/2009, -0/+10I love Warren, but he's not perfect. He admits this in his own self depreciating way.
Here's the good news: Even with his recent missteps, he's taken his stock from 7,200 dollars per share in mid 1990 to 78,600 in 2009. If you could hand your money to someone and know it would grow about 10-fold in 20 years, you would be wise doing so.
Click on the 'max' button to see the grown of the premier version of the stock in the last 20 years:
http://www.google.co.uk/finance?tkr=1&q=NYSE:B ...
Best of luck to him in the future. - SoulGrub, on 03/05/2009, -0/+9That's not always true. Houses are real and is something you can touch, but obviously it was wrong to invest into houses during the housing boom.
There are no hard rules in investing, and there's always an element of luck. - enantiodromia, on 03/05/2009, -1/+9"Be scared when others are greedy, be greedy when others are scared" - The Oracle
- inactive, on 03/05/2009, -1/+9Gold is one of many things that can crash. Actually, anything can crash, tangible or not. Nothing is invincible to price collapses and anyone who believes otherwise is a fool.
- Autodidaddict, on 03/05/2009, -2/+9I don't know about investing in myself but I sure do like touching myself.
Good advice bro. - phreak79, on 03/05/2009, -0/+6To be fair he's done an awful lot better than most.
- inactive, on 03/05/2009, -1/+5The worst thing one could do right now is sell. You don't buy high and sell low. Now is the time to buy!
- sousademiami, on 03/05/2009, -0/+4Let's face it, he may still be right, he just has humility, something we aren't used to successful people having. He is willing to tell you when he's not doing so well..but a few years from now he could be sitting on an even bigger pile of money telling us he told us so...
- abbasatpsu, on 03/05/2009, -0/+3"Warren Buffett's Investing Missteps " ...never thought I'd live to see these words in the same sentence.
- drifter, on 03/05/2009, -1/+4so he ***** up, its gonna happen. This also means just because everything is cheap now doesnt mean invest in everything. Trying to make a quick buck off of peoples misfortunes isnt always easy.
This just proves he's human and why everything he says needs to not be praised and acted like it came from the hand of god. - ncball32, on 03/05/2009, -2/+5The last line of the article says it all. Just because your investment has retreated 35, 40 or maybe even 50% does not give reason to sell. What one needs to take a look at is the underlying fundamentals of the company in question. In a bear market, people loose sight of the fact that the value of a company (thus its underlying share price) is based on cash flow/earnings. Nothing more or less. Therefore, if your investment has decreased by 40%, but nothing about the underlying fundamentals of the company has changed, that should not tell you to sell, but the contrarty; BUY MORE!
- geekwithsoul, on 03/05/2009, -0/+2Are you sure it's not Baron Harkkonen?
- inactive, on 03/06/2009, -0/+2"but a few years from now he could be sitting on an even bigger pile of money telling us he told us so."
Or he might be dead from heart failure. - inactive, on 03/06/2009, -0/+2They compromise Soulgrub and they all stay greedy all the time. Then they outsource their fear to the middle and working classes who have to pay the tab.
- gobbleplex, on 03/05/2009, -0/+2Houses are for living in, insurance is for emergencies, stocks are for investment.
Attempting to cross these purposes ends in disaster. - fabriciom, on 03/05/2009, -0/+2Thats why you diversify. And who ever is buying now, knows that his investment will not give them a return in a couple of months or years.
- fabriciom, on 03/05/2009, -0/+2Agreed. Its impossible for the man to always be right. Any who I love buying all this huge companies at these prices. Companies I only dreamed of owning when I was a kid. People dont realise the chance they are being given.
- inactive, on 03/06/2009, -0/+2Wow so true. If you think about it, people who buy a houses as "an investment" aren't generating any additional value to the economy, so why should they be rewarded?
- RyanChappell, on 03/05/2009, -0/+2I have not kept up with BRK lately, but I would imagine that he has Billions in cash, and maybe precious metals. I know that he cornered the silver market at one time.
Let his field day begin! - herval, on 03/05/2009, -0/+2I'm pretty certain this phrase is not his... It's from Baron Rothschild
- RyanChappell, on 03/05/2009, -1/+3SPDRs will be worth $1,000 a share in 2030 whether your buy them at $60 or $150. If you are Long Term none of this matters!
- SoulGrub, on 03/05/2009, -1/+2That just assumes that everything will even out at the end. In reality some things do permanently decline so obviously being greedy when others are scared isn't always gonna work.
- malayaliman, on 03/05/2009, -4/+5Wow, you guys are all still believing the hype. Please get out and stay in cash until all this settles out. If you are not an experienced trader you have no business being in this market. The Buffet at the twilight of his life when he should be retired and proud of his career is throwing it all away by investing into the biggest bear market of our lifetime. And the worst thing he can do is to advise other less fortunate chumps like us to invest alongside him. He has billions he can afford to lose, not us!! And to top it all the buffet is trading illegally based on insider knowledge.. How are his GE and Goldman investments working out? He does not mention that he has a put on GS to sell it back for just a $10 loss.. Meanwhile on paper its like a $30 loss now. Why has he not sold it back?
- JPOOPOO, on 03/05/2009, -0/+1Don't try to catch the knife when its falling: you will cut yourself. Wait for it to hit the ground and then pick it up.
- RyanChappell, on 03/05/2009, -0/+1Probably not. Not a good long term investment. I know Gold only averages 3% long term. It would not be smart to hold significant amounts in metals for long periods.
- randumbusername, on 03/05/2009, -1/+2im glad some reality has set in. a couple months ago he was the expert of experts on the economy, according to some.
- Samueul, on 03/05/2009, -0/+1He doesn't hold silver anymore I don't think....
- sunsetprojects, on 03/05/2009, -0/+1So true. WSJ is trash and so is FOX
- dshPls, on 03/05/2009, -3/+3Exactly, when a store has a 40% sale people aren't so afraid to buy. I'm a young guy with not a lot of cash, but I'm putting all my savings and extra money into stocks. Hopefully it's the right idea, but with risk comes reward, so the more that it feels "dangerous" the more you could potentially profit. And a lot of damn people are afraid right now, making it an opportune time to buy and hold.
- chesterogilvie, on 03/05/2009, -1/+1Guns? Even if the price collapses you've still got increased earning power!
- RyanChappell, on 03/05/2009, -2/+2"Trader" That is the problem. Fundamental investing is the solution. For everyone of those mistakes, he has made 5-10 killings. Have fun with your day trading. It is fundamental value investing time. SPDRs will be worth $1,000 a share in 2030 whether your buy them at $60 or $150. If you are Long Term none of this matters!
- xander, on 03/05/2009, -1/+1wow, financial genius... good luck with that
- sacramentalist, on 03/05/2009, -0/+0In comparison to stock indices, this was actually a great year for him.
- ScienceDoc, on 03/05/2009, -6/+6WSJ = FOX News = Murdoch = Buried
- mattearle, on 03/05/2009, -7/+7The only smart people were the ones not stupid enough to put their money in the giant house of cards. If you want to still earn a return on your capital, invest in yourself or in something real you can reach out and touch.
- malayaliman, on 03/05/2009, -3/+2wow, buy more!! good luck chump
- chicagojack, on 03/05/2009, -6/+1Rick Santeli is the new Oracle
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