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In an interview with Fortune in 2013, legendary investor Warren Buffett shared his insights on avoiding speculative investing and adopting a disciplined, long-term approach. What Happened: Buffett, known for his value investing philosophy, highlighted the importance of understanding the productive potential of assets rather than making impulsive decisions based on market noise. During the interview , Buffett compared evaluating stocks to assessing tangible investments like farms or apartment buildings. For a farm, he advises calculating expected crop yields and determining their value. Similarly, for an apartment building, rental income should be weighed against taxes and expenses to estimate the expected return. In both cases, the focus should be on paying a fair price for the asset's productive potential. “You always want to look at the productive ability of the assets you're buying, whether it's a farm, an apartment house, or a company. The company is represented by a stock. If you always get your money's worth, you'll do very well,” Buffett said. Also Read: Warren Buffett’s Timeless Advice: ‘If You’re Gonna Do Dumb Things Because Your Stock Goes Down, You Shouldn’t Own A Stock At All’ “If you buy a farm, you look at the farm and say, "I expect to get so many bushels per acre of corn or soybeans." Then you figure out how much that will be worth and you figure out what the price should be. If you buy an apartment house, you should look at what the rentals will be, what the taxes and expenses will be, and then decide how much income you'll have. You pay a fair price for that,” Buffett added. However, when it comes to stocks, Buffett warned against buying based on hearsay or speculative advice. He encouraged investors to prioritize the long-term productive ability of assets over short-term price movements. "The biggest mistake people make is listening to a lot of other people and buying something because they think it's going to go up next week or next month, for whatever reason people give you. You should understand what you buy," he said. He emphasized that understanding the intrinsic value of a company, which a stock represents, is key to successful investing. “With stocks, their neighbor whispers something to them and then run out and spend money that it took them years to earn,” Buffett said. Why It Matters: This advice aligns with Buffett's broader philosophy of value investing, which has guided his decades-long track record of outperforming the market. His focus on fundamentals serves as a reminder that patience and careful evaluation remain the cornerstones of sound investing. Read Next Warren Buffett’s Career Advice: ‘Don’t Think About Money, Take The Job That You Would Take If You Didn’t Need The Job’ This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Top 10 Popular Authors of 2024, According to Libby
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The Indiana Pacers played back-to-back games over the last two days, falling to the Oklahoma City Thunder and Boston Celtics. The Pacers had appeared to right the ship on their slow start to the season, but these last two losses snapped a five-game winning streak and brought them back below .500, sitting at 15-17 on the season. Against the Thunder, the Pacers gave up a career-high 45 points to Shai Gilgeous-Alexander. They followed that up by allowing Jaylen Brown to score 44 points on them. Javascript is required for you to be able to read premium content. Thanks for the feedback.Wealth? Love? A new career? Check out your 2025 horoscopeOTTAWA — The Atlantic Liberal caucus is calling on Prime Minister Justin Trudeau to resign as party leader in a letter expressing "deep concern" about the future of government. The letter dated Dec. 23 was shared publicly Sunday by New Brunswick MP Wayne Long, who has been saying since the fall that Trudeau should step down. Long wrote in a Facebook post that he shared the letter for "openness and transparency." "If we are to have any chance in the next election, and prevent a Pierre Poilievre government, we need new leadership with a new vision for our party and the country," Long wrote. Atlantic caucus chair and Nova Scotia MP Kody Blois penned the letter, saying it is no longer "tenable" for Trudeau to continue to lead the party. The letter notes that the country faces "instability" amid U.S. president-elect Donald Trump's tariff threats and signals from opposition parties that they will declare non-confidence in Trudeau's government at the first opportunity. The letter thanks Trudeau for his nine years of service as prime minister, saying he leaves a "positive and consequential legacy." It cautions Trudeau that could be undone if he stays on as leader. The letter comes less than two weeks after Chrystia Freeland's resignation from Trudeau's cabinet as finance minister and deputy prime minister. "Our colleagues this morning expressed their deep personal affection for you, their pride in our work as a Liberal team, but also their deep concern that without a leadership change that progress will be lost under a Pierre Poilievre-lead government," Blois wrote to Trudeau. The letter concludes with a call for a national caucus meeting in early January so the Liberal MPs can discuss their next steps. Blois did not respond immediately to a request for comment. Trudeau is said to be thinking about his future during the holiday break. Conservative MP John Williamson said Friday he plans to introduce a non-confidence motion at the next public accounts committee meeting on Jan. 7. If that motion is successful at committee, it would be forwarded to the House of Commons and could be voted on as soon as Jan. 30, triggering an election if it passes. The Conservatives brought forward three non-confidence motions during the fall sitting of the House of Commons, which the Liberals survived thanks to support from the NDP. However, NDP Leader Jagmeet Singh now says that his party has lost confidence in the government and intends to bring forward a non-confidence motion in the new year, regardless of who is Liberal leader. This report by The Canadian Press was first published Dec. 29, 2024. David Baxter, The Canadian Press
Abortions are up in the US. It’s a complicated picture as women turn to pills, travelNew Delhi: The Madras High Court on Saturday ordered a probe by a Special Investigation Team (SIT) into the alleged sexual assault of an Anna University student. Pulling up the Chennai Police for revealing the contents of the FIR on its website, including the rape survivor’s identity, a Bench of Justices S.M. Subramaniam and V. Lakshminarayanan ordered the Tamil Nadu government to pay an interim compensation of Rs. 25 lakh to the victim. It clarified that its present order will not prejudice the victim’s right to seek compensation under the criminal law. The Madras HC also asked the state government to consider taking appropriate action against the Police Commissioner for holding a press conference regarding the case without prior permission. A day before, the Justice S.M. Subramaniam-led Bench decided to take up the issue suo motu (on its own) after a letter petition was addressed to the Madras HC raising safety concerns of women in the state. It deferred the hearing till December 28 and in the meantime, called for a status report from the Tamil Nadu government. In her letter, advocate R Varalakshmi demanded that a Special Investigation Committee (SIC) led by a sitting woman judge of the Madras HC should oversee the investigation and ensure adherence to legal protocols. Alternatively, she prayed to transfer the case to the Central Bureau of Investigation (CBI) to guarantee a thorough and impartial investigation free from political or institutional interference. The horrific incident occurred when the victim, a 19-year-old engineering student at Anna University, and her male friend were sitting in a secluded area of the varsity’s campus after attending a midnight Christmas mass at a nearby church. Accused Gnanashekaran allegedly attacked the male friend, brutally assaulting him, before dragging the girl to a nearby shrub and raping her. The Chennai Police have faced severe criticism for the lapse in security. Authorities had earlier claimed to have implemented comprehensive safety measures for Christmas celebrations, with over 8,000 officers deployed. Meanwhile, Tamil Nadu BJP President, K. Annamalai has alleged that the accused, Gnanashekaran, was not included in the police’s rowdy list despite being involved in several criminal cases. He claimed that this omission was due to Gnanashekaran’s close ties with DMK leaders and provided evidence of the accused’s affiliation with the ruling party. Annamalai also condemned the police for leaking the FIR related to the sexual assault case, which resulted in the identification of the victim. He claimed that the authorities intentionally leaked the details and failed to ensure the safety and anonymity of the survivor. Annamalai also accused DMK of attempting to divert attention from the deteriorating law and order situation in Tamil Nadu by promoting a false narrative of a North-South divide.
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