Wealth Quote of the day by Warren Buffett: ‘I never attempt to make money on the stock market…’

Wealth Quote of the Day:Warren Buffett is a US businessman, investor, and philanthropist. Born in August 1930, he is considered a pioneer in the arena of investing, as he has revolutionized the concept of value investing. He also introduced a unique long-term holding company model, which reflects upon his mindset of long-term investment.

As chairman and chief executive officer of Berkshire Hathaway Inc., he has invested in a wide range of companies, from See’s Candies to Geico Insurance to Fruit of the Loom. Buffett is world-renowned for his successful investment career. He has given many quotes about money and investment based on his experiences and approach towards stocks.

Quote of the Day by Warren Buffett: “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.”
Meaning of the quote of the day: This quote talks about Warren Buffet’s thought beguib his investment strategy and choices. He said that he does not invest with the expectation of short-term trading, price movements, or quick profits.

Instead, he buys stocks as if the stock market might shut down immediately and remain closed for a long period, meaning he would be unable to sell. This mindset forces him to invest only in businesses he believes are fundamentally strong, durable, and capable of generating long-term value on their own. The quote emphasizes long-term ownership, patience, and confidence in the underlying business, rather than speculation based on market fluctuations.