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.