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Tweets

Explain this

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Cartoon

My broker said

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Links

Linkfest: February 18,2015

Some stuff I am reading today morning:

US S&P 500 hits record 2100 (ET)

Sudhir Valia:The numbers guy in Suzlon-Sanghvi deal (Mint)

Maruti Suzuki back on MF radar (BS)

Stanley Druckenmiller invests in HDFC Bank (Insider Monkey)

Some tough personal finance questions (FreeFinCal)

The problem with intuitive investing (CommonSense)

Goldman Sachs does not care what you think (Epicurean Dealmaker)

Italy is Europe’s ticking time bomb (WP)

Trading at the speed of light (Nature)

9 surprising things Jesse Livermore said (TRB)

Categories
Anecdotes

What your eating preference says about your risk appetite

Marshall Weinberg of the brokerage firm of Gruntal & Co told about going to lunch with Buffett in Manhattan:

“He had an exceptional ham-and-cheese sandwich.A few days later,we were going out again.He said, ‘Let’s go back to that restaurant.’ I said, ‘But we were just there.’He said, ‘Precisely.Why take a risk with another place?We know exactly what we’re going to get.’

That”, said Weinberg, “is what Warren looks for in stocks,too.He only invests in companies where the odds are great that they will not disappoint”

 

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