UFile Giveaway Winners and Some Buffett Quotes

I’m pleased to announce that every single entry to my UFile activation code giveaway had the correct answer to the skill-testing question. I know it wasn’t at all difficult, but some small fraction of people would get it wrong. Apparently, those people don’t read my blog :-)

Congratulations to the winners who I have already contacted by email:

Anatoli
Cameron
Louri
Sean
Christian
Chris

Thanks to everyone who entered the draw. Special thanks to reader Jon who was a winner but realized he wouldn’t need the code, and he made it available for another reader.

Now on to a few good quotes from Warren Buffett’s latest letter to Berkshire Hathaway shareholders:

“When Wall-Streeters tout EBITDA as a valuation guide, button your wallet.” EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. Some people shorten this to “Earnings Before Bad Stuff.”

“When promised quick profits, respond with a quick ‘no.’”

“If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.”

Comments

  1. Big Cajun ManMarch 3, 2014 at 7:11 AM

    The only times I look up "prices" are when I have money to put into my accounts, and it is the price of whatever Index Fund I am buying, then I forget about it.

    ReplyDelete
    Replies
    1. Michael JamesMarch 3, 2014 at 7:37 AM

      @Big Cajun Man: That's a good way of avoiding the stock market's emotional roller coaster.

      Delete
  2. AnatoliNMarch 3, 2014 at 8:22 AM

    Michael, reading your blog (and some other carefully selected sources) has freed my mind of the need to make trivial decisions. I now follow only one important data source - calendar :)

    ReplyDelete
    Replies
    1. Michael JamesMarch 3, 2014 at 8:58 AM

      @AnatoliN: I'm glad it's working for you. When it comes to investing, my actions are driven by my bank account balance (which tells me when there's excess to invest) and by a spreadsheet (which looks at stock market prices and tells me where to put new money and (rarely) when to rebalance).

      Delete

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