Can you resist the temptation to make money quickly? & Some quotes from Warren.Buffet

STI went up last week when US jobs data are good.
Then STI went down this week rapidly when China's economic data is bad.

These few months, the stock market has been very volatile and I spotted some speculative stocks like Noble and Ezra trading at highs and lows.

It seems that it is really quite tempting to make money quickly by buying such speculative stocks but I am strongly against such techniques as you can get your hands burnt badly.
 
Let's revisit some quotes from my super idol Warren Buffet:

1."Never attempt to make quick money on the stock market."
Sound investing can make you very wealthy if you are not in too big a hurry. Buy on the assumption that they close the market the next day and not re-open it for 5 years.

2."Buy Businesses, Not stocks"
All there is to investing is picking good companies at the right times and staying with them as long as they remain good companies. Businesses you are willing to own forever.

3."Invest in great companies"
It’s better to buy wonderful company at a fair price than a fair company at a wonderful price.

My targeted actions during this volatile period:

1. Be Patient.
Mentality of an owner, not speculator. Long term investment horizon please.

2.Read and read financial reports.
Investigate and find out Why, Why , Why and read the competitors financial reports to see where is the industry heading.
I am telling myself to spend more time on reports than Facebook.

3. Before I buy and sell, think carefully of the risks and opportunity cost first.
I made some horrible careless investment mistakes in the past and I am learning from it. Hopefully, I am much wiser now.

Good luck to all other investors there!