A friend gave me a copy of Lawrence Cunnigham’s book on “The Essays of Warren Buffet – Lessons for Corporate America” I found a short quiz in that interesting.

Begin Quote

If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef. Likewise,if you are going to buy a car from time to time but are not a car manufacturer, should you prefer higher or lower car prices ? These questions, of course, answer themselves.

But now for the final exam: If you expect to be a net saver during the next five years,should you hope for a higher or lower stock market during that period ? Many investors get this one wrong. Even though they are going to be net buyers of stocks for years to come they get elated when stock prices rise and depressed when they fall.

End Quote

I feel quite good with the rapid rise of the stock market in India but the comment above has made me think that it will be quite okay even if the market has a steep correction.

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