Warren Buffett Says 90% of People Who Buy Stocks Make This Mistake
Buying stocks is easier than ever, but that also means it's easier to make rash, quick investing decisions that could impact your portfolio and your financial position. Investors should look to billionaire-investor Warren Buffett as an example of what to do and not do.
Buffett's continued focus on the long term has led to him to become one of the wealthiest people in the world. And the mistakes he notices most investors making are the same -- they don't focus on the long term.
In an interview last year, Buffett said: "90% of the people that buy stocks don't think of them the right way. They think about something they hope goes up next week." He admits the percentage is just pulled out of the air and isn't backed by data, but the conclusion is the same; Buffett believes the vast majority of investors are just looking at how the stock will perform over a short time frame.
Source Fool.com
