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Buffet says “BUY!”

This past Thursday’s New York Times Op-Ed page offered an article by Warren Buffet, titled, “Buy American. I Am.” I like Buffet and enjoy his sound bite wisdom. This article contained quite a mix. Among them:

Be fearful when others are greedy, and be greedy when others are fearful.

In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.

“I skate to where the puck is going to be, not to where it has been.” (quoting Wayne Gretzkey, a hockey player)

Of course, only time will tell, but Buffet has had a good track record and a sane approach. I hope his words are prescient.

Joe

  • Uncommonadvice October 20, 2008, 1:28 pm

    Nobody gives better advice than Buffett.

  • JOE October 20, 2008, 8:17 pm

    IM- you bet, my pleasure.
    Joe

  • IntelloMondial October 20, 2008, 8:13 pm

    I agree with you. Buffet should be a role model for all investors!

    p.s. thanks for the correction on $700 billion… post!

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