buffett

Decision making
"The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
Career decision
"It's crazy to take little in between jobs just because they look good on your resume. That's like saving sex for your old age. Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can."
Investment
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
"Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway."
"I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty."
"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."

gold

gold is doing what it should be doing (though slowly).
heading for 1250 hopefully where i will reassess what its doing.

bull vs bear

such sharp cuts should ideally signal bull market continuation.
or a long bear coming...
i would like to see bear for a while imply because there is too much good news flying around !
but yesterdays move looks still like a bull to me .

nifty shorts

looks most wise to cover shorts here.

repeating earlier post

ideally spx should be 'frozen' and then shakeout with a drop to 1160 zone.or maybe i am just guessing too much here.but its good to have no position here.!

realisation

the other day when my sl on spx was triggered , i took it lightly though my in my mind i was feeling that this shouldnt have happened.still i didnt analyse it well that time that this points to abigger weakness.thankfully yesterday ,looking at reaction of stocks i realised that a larger correction was looming.
on ES i was initially expecting a shakeout of longs to 1160 level which seemed very likely then and has come about now .lets see the reactions at these levels and take a call .now we know why euro was acting funny since it didint wanna rally.!

nifty

i am long idbi and fortis.lets see how much damage occurs tomorrow.my tgt on idbi was 132-33 and fortis 182.
seeing the longer term nifty chart , it looks quite possible that 5600-5700 should be hit.