Interesting comments from Warren Buffett on the stock market
In addition, Real Estate is very slow moving. This historical week shows you how crazy the stock market is. Real estate may drop 10% in 1 year, but the market can drop almost 10% in 1 day!!!!!
Do know, I don't have an exact source of this quote. So please don't take this as 100% factual, but it came from a reliable source. The bio info can be found on en.wikipedia.org/wiki/Warren_Buffett
As a voting machine, it responds to people's emotions. There's no literacy test for voting. You vote according to how much money you have, not according to how smart you [are]. So the stock market does some very silly things in the short run. Over the long run, it behaves quite rationally.
And, you know, five years from now, 10 years from now, we'll look back on this period and we'll see that you could have made some extraordinary buys. That doesn't mean it won't get more extraordinary a week or a month from now. I have no idea what the stock market is going to do next month or six months from now.
I do know that the American economy, over a period of time, will do very well, and people who own a piece of it will do well. But they shouldn't own it on leverage. That's what people have learned in this period, that you've got to be able to play out your hand and it's a big mistake to let somebody else be in a position where they can sell you out.
Warren Buffett (born August 30, 1930) is an American investor, businessman and philanthropist. He is regarded as one of the world's greatest investors, and is the largest shareholder and CEO of Berkshire Hathaway.[3] He was ranked by Forbes as the second richest American with an estimated net worth of $50 billion as of September 17, 2008.[1]
Often called the "Oracle of Omaha",[4] Buffett is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.[5] His 2006 annual salary was about $100,000, which is small compared to senior executive remuneration in other comparable companies.[6] When he spent $9.7 million of Berkshire's funds on a business jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs.[7] He lives in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000.[8]
Buffett is also a noted philanthropist. In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation.[9] In 2007, he was listed among Time's 100 Most Influential People in The World.[10] He also serves as a member of the board of trustees at Grinnell College. 
Hey Brian, nice post!I liked it, thank you very much for sharing with all of us,I appreciate your work!
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