Thursday, April 4, 2013

Avoid investing in a crowd and TV

Well, I try to avoid a lemming mentality. Part of the way I guess I do that is I don’t really sit around chit-chatting with a lot of people, I don’t speak to the financial community, I don’t talk to broker pals, I don’t talk to anybody, I sort of find my own things. And so I’m usually not aware of what the conventional wisdom is, unless I see it in the market. If I see something skyrocketing, going through the roof, then I say, well, what’s going on there, then I’ll find out whatever the absurdity is.

But we don’t have a TV in our house. So I sort of wander along, following my own style, my own life, rather than (I hope) getting swept away in whatever everyone else is thinking and doing.

Jim Rogers

Warren Buffett

Nouriel Roubini