Info Investor: Buku Kumpulan Analisis Saham-saham Pilihan edisi Kuartal IV 2016 sudah terbit! Anda bisa langsung memperolehnya disini.

Jadwal Seminar/Training Value Investing, Jakarta 4 Maret, dan Bandung 11 Maret. Keterangan selengkapnya baca disini.

My Interview with Warren Buffett

Hello Sir, my name is Teguh Hidayat, I am a stock investor from Indonesia. Can I have your time for just a minute? I would ask some questions which I am sure you have the answer.

Hello too, Teguh. Okay, what do you want to know?

Well, first, what is your main advice to be a successful investor?

Here is my advice. Rule number one, never lose money. Rule number two, don’t forget rule number one. I never spend time to think about how much profit I would get, just don’t lose.
And about not to losing money in the market, then it’s all about risk. And risk comes from not knowing what you’re doing, or in this case, not knowing about the stock you want to buy. Stocks, or shares, are not mere pieces of paper. They represent part ownership of a business or company. So, when contemplating an investment, think like a prospective owner. And by that I mean, before you decide to buy stocks, first you have to learn about the company. Never invest in a company you do not understand.

You said you never think about the profit. Are you sure?

Yes. I never attempt to make money on the stock market. I buy on the assumption that the authorities could close the market the next day and not reopen it for five years.

But how you could do that? Buy a stock and see the results in the next five years? Most of people cannot hold his stock even just for a day!

That’s because I don't look to jump over 7-foot bars. I look around for 1-foot bars that I can step over. Most people always expect that if they are buying a stock, then in the next day the stock would soar 5% or more. While me, I understand enough that consistent profit in the long run is far better than big profit in short time. If you’re trying to jump every day, then sometime you may fall on the ground. But if you just step over and keep walking, then it is always easier to do.

What is the difference between investor and speculator?

If you are an investor, you are looking on what the company is going to do. If you are a speculator, you are commonly focusing on what the price of the stock is going to do.

So how if we want to become investor?

Our game is focus on the asset, or the company, not the price of the stocks. I suggest you to play the same game.

What would you do if the stock market is bearish?

We’ll buy more stocks, haha.. I know this is not easy for you, but that’s what we’re doing. We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful.

Being greedy when the others are fearful? How?

Well, why would I feel fear when there are so many cheap and good stocks we could buy? Once again, I don’t see the price, I see the value of the company. And when the price is fair enough, then it is the time to spend the cash.

So, you sell your stock when the market is bullish?

Not really. I’m picking good stocks at good times and staying with them as long as they remain good companies. So I only sell them when they’re turned bad. But our point is, we also sell our stocks, but only when it is no longer ideal for investment.

All right lemme review again.. Don't think about profit, just don't lose, learn the company not the stock, don't jump but just keep walking, be greedy when the others are fearful.. And how's the result Sir?

Well, I've made my first billion US Dollar in the early 90's, about twenty three years ago, and it become around 40 billion US Dollar right now. Not bad, eh?

Not bad? It's marvelous! Anyway Sir, thank you very much for the conversation. It’s been a minute and I know you’re very busy, so I would say goodbye, hope we can see you again in the future!

Okay son, take care!

NB: My special thanks for any sources who provide the images. The above conversation is fiction, but the words are based on real quotes by Warren Buffett.
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6 komentar:

Anonim mengatakan... Balas

terima kasih pengulangannya om teguh..bisa refresh our mind utk fokus akan fundamental saham dan gak pusing dg hingar bingar naik turunnya saham seperti sekarang ini.

Anonim mengatakan... Balas

bagus pak teguh, kata2 yg bagus dari sang guru buffet, fundamental analysis lbh penting, butuh waktu dari mulai menabur benih sampai membuahkan hasil yg bagus, waktu adalah sahabat yg baik

Anonim mengatakan... Balas

bagus pak teguh, value of company is more important than the fluctuative price, time is a best friend

Anonim mengatakan... Balas

good information, study from guru buffet

Anonim mengatakan... Balas

kreatif jg Mr Teguh ini.. tapi lagi-lagi yg comment disini hantu smua.. anonim smuanya... Hahahaha...

Unknown mengatakan... Balas

The reminder for long term investors , so good :)