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Doral Financial Corp. Message Board

  • haoleboy1967 haoleboy1967 Feb 18, 2013 8:56 AM Flag

    I hope the price goes down

    I am a buyer here
    Warren Buffet
    On value: "The logic is simple: If you are going to be a net buyer of stocks in the future, either directly with your own money or indirectly (through your ownership of a company that is repurchasing shares), you are hurt when stocks rise. You benefit when stocks swoon. Emotions, however, too often complicate the matter: Most people, including those who will be net buyers in the future, take comfort in seeing stock prices advance. These shareholders resemble a commuter who rejoices after the price of gas increases, simply because his tank contains a day's supply."

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    • Your logic is deeply flawed. Gas is a consumable, but the stock is an investment. For a consumable, you are right. However, for an investment product, stock or real estate alike, you want to see appreciation of whatever you hold, as your goal is that someday in the future you will sell it at a higher price than you paid for.

 
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