Stock Market Blues?
Warren Buffet is famous for saying, “Be fearful when others are greedy. Be greedy when others are fearful.” What he was really saying is buy low and sell high, and he is using his own advice as he recently invested over 6 billion dollars in a major financial institution and an energy company after they experienced major stock price reductions. The evening news will have you believing that the end of the financial world is near, however, for the long term investor, this may be a time of tremendous opportunity. Who are you taking your investment advice from, Katie Couric or Warren Buffet?