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Quick Thought Of The Week: Buffett
By The Smart Investor  •  July 24, 2020
Warren Buffett gets it in the neck every now and again. Why? Because he is quite simply one of the best investors of our time. So, whenever he underperforms the market, there are plenty of people out there who love to take a pop at him. But he is used to it. During the dot-com years, Buffett was accused of losing his touch. Around the time of the Millennium, growth stocks were taking the market by storm. Traders could hardly put a foot wrong with almost every IPO guaranteed to fizz on day one. It was almost as good as a licence to print money. But Buffett was happy to sit out the stock market mania. His investing philosophy is simple: It is easier to stay out of trouble now than to get out of trouble later. But with every day that tech stocks went up, Warren Buffett’s investment vehicle went down. It was a torrid time for some of the Sage of Omaha’s ardent followers....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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