"Buffett says to not be afraid to buy the dips."
https://www.thestreet.com/story/14406615/1/warren-buffett-investing-lessons.html
Want the quick rundown without having to open a new tab? Here are the 5 amazing things in a nutshell!
"*Buffett teaches us not to try to time the markets.
OK, I do not do that. Instead, I attempt to time the flow of options volatility; that knowledge was, is and will be important "intel" to being a successful options trader. As for timing the stock market, I still use a shorter-term oscillator and an intermediate-term indicator. However, I never fight any tape. In other words, oscillators and indicators are suggestions to be understood, but the final arbiter is the tape action.
*Buffett says to not be afraid to buy the dips.
Well, check on that key point! I always bought and still buy the seriously big dips. That buying especially targets the big dips, where the financial media is 110% all-in selling and promoting the fear, doom and gloom. Every time that media-driven fear, doom and gloom cacophony set up, my oscillators agreed with their "buy this dip" trigger. After knowing that, I watched the tape and began to scale into new longs.
*Buffett is all about getting things down to the KISS (keep it simple stupid) method level.
I totally agree on that one. I will add this: the longer the analysis/report, the more that "intel" is "baked into the market". For me, the long-winded analyst reports are the antithesis of keeping it simple. Instead, they illustrate someone trying to show us how smart and important they are. And the vast majority don't pan out, because if that much is known by the market, it's already priced in.
*Buffett says to start young.
That makes sense: one has plenty to learn. And youth offers the energy and drive to do that learning!
*Buffett implores to "not lose money"!
Well, what I think he means is: we will, at times, lose money in the market. Everyone does that. It's inevitable, and part of the game. The key here is not to lose too much. I preach to not let one grenade (one bad trade) get your entire account! I preach to not think that you are the market and become someone who thinks that everyone is wrong but them. And I preach to hedge down to the point where you are in control of your risk. Apply those, and you will do fine. Violate any of them, and the doomsday clock is ticking.
There is plenty more investment material that one can cull from reading and listening to the most famous investor of our time. Warren Buffett walked the walk long before he began to talk the talk. I do encourage you to spend plenty of time learning from the sage that Warren Buffett is for the ages."
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