8 Warren Buffett Quotes That Show He Had The Original Diamond Hands

I learned about investing at a very young age, watching my grandmother turn up the radio at 5 PM and jot down the closing prices and daily performance of the stocks that she and my grandfather had invested in. A simple price and an arrow up or down, depending on how a stock like General Electric (GE) finished the day, was all she put down. She'd hand it to my grandfather after they had finished dinner, and he would review her data, and that was it. Little did I know how much would actually be involved with investing in the stock market today.

Warren Buffett quotes diamond hands

We've got so many tools at our fingertips. Whether it's a real-time market feed through a platform offered by companies like TD Ameritrade or a mobile app like Robinhood putting the market at your fingertips, it would almost be alien to my grandparents at this point. But it was thanks to them that I went into the area of study and learned finance. One of the authorities constantly taught about in schools and frequently mentioned on finance outlets is Warren Buffett.

The man is best known for his long-term focus on investing in value. Using his strategy, Buffett has amassed billions in wealth and turned Berkshire Hathaway into one of the most recognized names among investors. It also has a price tag to match, sitting calmly above $400,000 a share right now.

Warren Buffett Quotes For Diamond Handed Investors

One of the biggest events in the stock market this year was the huge short-squeeze in stocks several stocks. The initial catalyst was the breakout of GameStop (GME), which surged from under $20 to over $480. But it wasn't the sole "meme stock" to make a big move.

It didn't matter if it was penny stocks like Express (EXPR) and Nokia (NOK) or higher-priced stocks like Bed Bath & Beyond (BBBY) or Koss Corp (KOSS); the unbridled retail trading momentum pushed stocks in a big way. That event in January brought in a surge of retail capital and flooded the market with fresh cash.

At the center of it all were social media sites like Twitter and discussion platforms like Reddit. These became the hubs for this new breed of trader and where they got their information from. Terms like "HODL" and "diamond hands" have become synonymous with 2021 market lingo. But at the very basic level, all they mean is to buy and hold. So was Warren Buffett, the original diamond-handed investor? These 8 quotes might help:

  1. If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
  2. Our favorite holding period is forever.
  3. I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
  4. Do not take yearly results too seriously. Instead, focus on four or five-year averages.
  5. An investor should act as though he had a lifetime decision card with just twenty punches on it.
  6. All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
  7. Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market.
  8. Someone's sitting in the shade today because someone planted a tree a long time ago.

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Joanna Jet 3 years ago Member's comment

Enjoyed this, thanks.