Warren Buffett has a message for Main Street investors: Treating the stock market like a casino is a bad bet.
The CEO and chairman of Berkshire Hathaway warns that wagering on stocks with borrowed money or loading up on exotic investments is akin to gambling. Investing in well-run companies whose products generate strong sales and profits is a better long-term investment strategy than a get-rich-quick approach.
“A lot of people like to gamble in the stock market,” the billionaire investor, who released his closely watched annual letter to shareholders over the weekend, said Monday in an interview with CNBC. “It is insane. To risk starting all over again and losing everything is madness."
Source : usatoday
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