Monday, March 3, 2014

UFile Giveaway Winners and Some Buffett Quotes

I’m pleased to announce that every single entry to my UFile activation code giveaway had the correct answer to the skill-testing question. I know it wasn’t at all difficult, but some small fraction of people would get it wrong. Apparently, those people don’t read my blog :-)

Congratulations to the winners who I have already contacted by email:


Thanks to everyone who entered the draw. Special thanks to reader Jon who was a winner but realized he wouldn’t need the code, and he made it available for another reader.

Now on to a few good quotes from Warren Buffett’s latest letter to Berkshire Hathaway shareholders:

“When Wall-Streeters tout EBITDA as a valuation guide, button your wallet.” EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. Some people shorten this to “Earnings Before Bad Stuff.”

“When promised quick profits, respond with a quick ‘no.’”

“If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.”


  1. The only times I look up "prices" are when I have money to put into my accounts, and it is the price of whatever Index Fund I am buying, then I forget about it.

    1. @Big Cajun Man: That's a good way of avoiding the stock market's emotional roller coaster.

  2. Michael, reading your blog (and some other carefully selected sources) has freed my mind of the need to make trivial decisions. I now follow only one important data source - calendar :)

    1. @AnatoliN: I'm glad it's working for you. When it comes to investing, my actions are driven by my bank account balance (which tells me when there's excess to invest) and by a spreadsheet (which looks at stock market prices and tells me where to put new money and (rarely) when to rebalance).