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Warren Buffett bought IAG shares yesterday and it’s a good thing.

I am glad my holdings in IAG shares will be in good hands since Warren Buffett now owns 3.7% of IAG (Worth AUD$500m). Warren Buffett is one of the world’s best and successful investor. He has been my idol from a very young age.

These are some of Warren Buffett’s best quotes on investing and life:

“Price is what you pay. Value is what you get.”

“Rule number one: Never lose money. Rule number two: Never forget rule number one.

“Risk comes from not knowing what you’re doing.”

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”

“You never know who’s swimming naked until the tide goes out.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“Never ask a barber if you need a haircut.”

If you still not sure who is Warren Buffett? (Where have you been :P) Wikipedia has a page on him or try googling. They will explain better than me 🙂

Warren Buffett

Image by Javier

Maybe this is a good time for some of you to buy into IAG. Buy some and put it a side. You and I could be retiring in Hawaii or some exotic islands. Good luck!

(Of course there is always risk, so please seek your own professional financial advice, cause I ain’t one!)

Source http://www.iag.com.au/iag-forms-strategic-relationship-berkshire-hathaway.

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