If you donโt feel comfortable making a rough estimate of the assetโs future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isnโt necessary; you only need to understand the actions you undertake.
Warren BuffettCash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
Warren BuffettWhat motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett