If you are going to listen to anyone’s advice, who are you going to listen to – your neighbor, your all-knowing CPA, the headlines of the competing news media… or the most successful stock market investor of all time?
Enter the Oracle of Omaha – One Warren Buffet.
(#1 on 2008 Forbes List with a net worth of $62Billion)
What does Warren say?
“Now is the time to BUY American. I am”
In an op-ed piece in yesterday’s New York Times the Oracle reveals one of his most important investment maxims:
“Be fearful when others are greedy, and be greedy when others are fearful”
Warren acknowledges that the financial world, both domestically and abroad have been dealt a blow. What he is also saying is that the over exaggerated fear has created an opportunity to buy fundamentally and economically sound stocks at excellent prices – and that the American economy does have a bright future.
“I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.”
Warren isn’t just beating his chest on this either – he is DOING what he is saying:
“If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.”
That is good enough for me. I don’t need to listen to the guy at the Post Office counter or the voices on my radio and TV set anymore. If I am going to heed anyone’s lead or advice – I am going with the guy that has a “B” (62 of them in fact) next to his financial statement.
NOW MORE THAN EVER… through the fog of all the negative, fearful and worrisome news and information that is saturating our environment, entrepreneurs and small business owners we need a positive beacon of light and hope – a resource people can turn to for inspiration, abundance thinking and to find out what’s RIGHT with the world.
SUCCESS is that light. Read What Achievers Read – read SUCCESS!