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Warren Buffett Says Invest Like A Smarteys

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This morning on CNBC Warren Buffett dispensed with a lot of folksy wisdom. My politics are different than Warren’s but I agree with him on a lot of investing points. That’s why I love Smarteys.

One thing he is consistent about is that the average investor cannot day trade stocks. It’s a losers game. Over and over he has hammered that point. He is correct of course, you can’t. In Buffett’s case because he has such a big cash horde, he doesn’t buy stocks he buys companies.

If you notice the kinds of companies he buys, they throw...