When People are Fearful, be Greedy! This is a now famous quote from billionaire Warren Buffett in the fall of 2008. Buffett said, "When people are fearful, be greedy, and when people are greedy, be fearful." Critics who have mocked the Billionaire's investment strategies, have had to (as The Wall Street Journals puts it) sit down for their traditional three-course meal: humble pie, their own words and a little bit of crow.
Warren Buffett was featured on MSN's home page today in an article written by The Wall Street Journal discussing the "Billionaire Basics." The world's most famous investor lays out his basic principles of investing in this year's annual letter to Berkshire Hathaway shareholders. Here are the top 6 tips he recommends for investors in todays' market.
1. Stay liquid.
2. Buy when everyone else is selling.
3. Don't buy when everyone else is buying.
4. Value, value, value.
5. Understand what you own.
6. Defense beats offense.
In my mind, Warren Buffett's quote rings true in any real estate market. When people are fearful, be greedy. And, when people are greedy, be fearful. There is something to be said for listening to this intelligent old-timer!
Thanks Melinda...always good to hear good advice...hard to follow it though...
Love it :-), does anyone have some cash *lol*
Great advice - I certainly wouldn't try to second guess Warren!
Melinda...
The proof lies in his success. I wish that I had his money to invest!
Some great advice and thanks for the read!
VB ;o)
I have always loved that particular quote from Warren Buffett. Nice advice therein -
You certainly can't argue with success.
Melinda, now is the time to invest in real estate, especially vacant lots. They are selling at bargain prices.
Goes right along with
Buying any merchandise out of peak season.
And wouldn't you like to have a wad of cash like Warren? Save, save, save!