Your $tock Mom

Smart investment decisions require study and listening to the viewpoints of experienced investors and successful entrepreneurs, though many have very different strategies and views about investing.  The goal is to learn how to think for yourself, how to arrive at your own conclusions based on all the information that you can accumulate, to not get caught up in the herd mentality, to avoid the vulnerability and potentially harmful consequences from blindly engaging in the actions of others.  No one knows you better than you do, so adopting the words and actions of others merely at their face value is a fool’s folly! – $tock Mom

To assist with your own investment decisions and help you map your own strategy, try to get a variety of viewpoints and evaluate the content of their reasoning; then decide what information will best suit your personal investment profile: your financial situation, your risk tolerance, your time horizon, your investment objectives, and your particular circumstances. – $tock Mom (again)

Buffett video 4:59

Buffett:  “The world is always uncertain. The world was uncertain on December 6, 1941; we just didn’t know it. The world was uncertain on October 18th, 1987; ya know, we just didn’t know it. The world was uncertain on September 10, 2001: we just didn’t know it. There are always uncertainties. The question is what do you do with your money?  And the one thing is, if you leave it in your pocket, it will become worth less, not worthless, worth less over time; that’s almost certain. … for some reason, people think if they own wonderful businesses, indirectly through stocks, they’ve got to make a decision every five minutes. … I’m going to own the businesses for years just like I would own a farm or apartment house. And there’ll be all kinds of events and all kinds of uncertainties and.in the end, what really counts is how that farm or business or apartment house does.”

Cuban video 8:45

Cuban:  “I’m afraid of the market for not just because of where it’s at and where it’s trading, but high frequency trading and algorithmic trading scares the heck out of me; simply because, there’s no such thing as perfect software.  Every piece of software has bugs; and ya never know what the impact is. Like Warren said, right, ‘on September 10th,’ there were risks, ‘we just didn’t know’ them. And there will be a day with high-frequency trading … where, look it, I’m not saying it’s all bad, but someone will try to push the envelope. …because the more participants you have with algorithmic trading and high-volume trading through high frequency, the more efficient the market is and the more risks you have to take in order to make money. And when you get to that point, who knows what happens.”