Having A Business Mindset: The Importance Of Financial Ratios

Having A Business Mindset: The Importance Of Financial Ratios by Mitchell Mauer

This article appeared first on The Stock Market Blueprint Blog.

Business Mindset - Warren Buffett or Jimmy Buffett

There’s a scene in the movie The Wolf of Wall Street where an experienced Mark Hanna (Matthew McConaughey) is mentoring a young Jordan Belfort (Leonardo DiCaprio) on the realities of working as a stock broker. The scene has a memorable line where Hanna essentially tells Belfort that stock picking is a useless exercise. Hanna says:

[munger]

“Ok, first rule of Wall Street – Nobody – and I don’t care if you’re Warren Buffett or Jimmy Buffett – nobody knows if a stock is going up, down, or…sideways.”

This is a great line just for the fact...