The New York Times has published a very interested Op-Ed article from Berkshire Hathaway’s Warren Buffet in which he declared Buy American. I Am. View the article in its entirety by clicking here.
He is following this simple rule: “Be fearful when others are greedy, and be greedy when others are fearful.” Skittish investors are dumping stock for many sound companies with little consideration for their long-term fundamental business prospects. Rather than follow the herd, now is the time to hunt for bargains. “Bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price”. He could very well be talking about any country in the world.
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Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep
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Filed under: Finances, investment | Tagged: warren buffett | 1 Comment »