Warren Buffett on Buying Now
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October 26th, 2008 by AdvisorAnalyst
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Warren Buffett’s recent contribution to the New York Times is an excellent piece of what he is renown for. Make sure you read “Buy American. I am.“
Here is a nugget:
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.
And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Read more from the author/contributor here.
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