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Originally Posted by dyna mo
thanks for proving my post:
1) Buffett’s Only Two Rules For Investing…
“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
the only way to guarantee not losing your money is to not use your money. it's simply another way of stating exactly what i stated.
owned.
ahahahahahahahahaha
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No, never lose money means being "perfect" businessmen. No-one is perfect Buffet invested plenty of his money in gold in stock. Would you like to argue that
Owned...
Warren Buffett's 6 best investments of all time - Fortune
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Buffett had plenty of conviction when, in 1988, he invested $108 million in Freddie Mac, the giant government-backed mortgage insurance firm, at a split-adjusted $4 a share. Shortly after making the investment, he talked it up in the pages of Fortune magazine. Ten years later, Freddie Mac's shares traded at $70. But perhaps the most notable thing about Buffett's investment in Freddie is not how well it did, but when he sold. In 2000, Buffett testified that he had a series of meetings with Freddie Mac's CEO at the time, Leland Brendsel, in which it was clear to Buffett that Brendsel was unwisely striving for double-digit returns.
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Warren Buffett says he's lost $2 billion on IBM
Warren Buffett says he's lost $2 billion on IBM - Nov. 9, 2015