A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from September 10, 2009
“You should invest like a Catholic marries—for life” (Warren Buffett)

"You should invest like a Catholic marries—for life” is one of the proverbs of investor Warren Buffett. The statement means that the investor should seek to invest in good companies, where a long term investment can be made. The “invest like a Cathlic marries” proverb appears in the book The Tao of Warren Buffett (2006).

However, investors shouldn’t stay married to a stock if conditions change. A cautionary Wall Street proverb (not coined by Buffett) is: “Don’t get married to a stock.”


Wikipedia: Warren Buffett
Warren Edward Buffett (born August 30, 1930) is a U.S. investor, businessman, and philanthropist. He is one of the most successful investors in history, the largest shareholder and C.E.O. of Berkshire Hathaway, and in 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion.

Buffett is often called the “Oracle of Omaha” or the “Sage of Omaha” and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.

Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.

In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton. In 2007, he was listed among Time‘s 100 Most Influential People in the world.

Google Books
The Tao of Warren Buffett: Warren Buffett’s Words of Wisdom:
Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management

By Mary Buffet and David Clark
New York, NY: Simon and Schuster
2006
Pg. 10:
No. 8
“You should invest like a Catholic marries—for life.”

The Motley Fool
Buffett’s Words of Wisdom: Part 2
By Motley Fool Staff
September 10, 2009
It pays to listen closely to anything and everything Warren Buffett has to say on business and investing. Continuing from the first part of this article, we’ve gathered more prudent words of investment wisdom from the Oracle of Omaha.

“You should invest like a Catholic marries—for life.”

When investing, you should look for businesses strong enough to endure for decades. And just as with marriage, you should be sure that this particular investment is better than any other alternative. If you invest with this lifelong approach, you will begin to focus on the important attributes of the business, rather than concerning yourself with insignificant hiccups. Buffett never concerns himself with a business’s temporary setbacks, as long the important factors—good management, low capital requirements, and durable economic advantages—remain intact.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Thursday, September 10, 2009 • Permalink