Words of Wisdom from Warren Buffett

If I were a doctor and had to make a diagnosis, I'd say the markets are suffering from a severe case of bi-polar disorder. So how does a long-term investor find 'peace of mind' through the highs and lows? Ask arguably the greatest long-term investor of all time.

In his preface to the 4th edition of the 'Intelligent Investor' by Benjamin Graham, Warren Buffett says: " To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework." In other words: have a plan; be disciplined to the plan; and I would add, regularly monitor and review the plan.

If you're unsure if your plan is the right one for you, visit yourlifeyourplan.ca or call us at 1-800-663-2609 and ask for a second opinion. We offer a complimentary portfolio report card and we'll help you identify what's currently working and what isn't; what you should keep and what you should sell.

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