Warren Buffett on Picking Stocks Warren Buffett's Tip on Airline and Car Industries

Warren Buffett's Suggestion on IPOs

Warren Buffett recommends avoiding IPOs, for the following reason: "It's almost a mathematical impossibility to imagine that, out of the thousands of things for sale on a given day, the most attractively priced is the one being sold by a knowledgeable seller (company insiders) to a less-knowledgeable buyer (investors)."