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Stock impact report

Warren Buffett Says Stock Market Forecasters 'Make Fortune Tellers Look Good' — Calls Them 'Poison' That Should Be Kept Locked Up [Yahoo! Finance]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Yahoo! Finance
The legendary investor, nicknamed the Oracle of Omaha, has built an unparalleled track record of success through his disciplined, long-term approach to value investing. One of Buffett's oft-repeated pearls of wisdom concerns the pitfalls of short-term market forecasts. In his characteristically witty style, Buffett wrote in the 1992 letter to Berkshire Hathaway shareholders, “We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie [Munger] and I continue to believe short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.” Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you This statement exemplifies Buffett's belief that short-term market forecasts are not just unhelpfu Show less Read more
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