Generation Y Investor » Warren Buffet http://generationyinvestor.com Gen Y's Home for Investment Education, News & Commentary Tue, 03 Nov 2009 01:42:13 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 Buffet To Investors… “Buy American. I am.” http://generationyinvestor.com/2008/10/21/buffet-to-investors-buy-american-i-am/ http://generationyinvestor.com/2008/10/21/buffet-to-investors-buy-american-i-am/#comments Wed, 22 Oct 2008 01:01:28 +0000 Stephen Kline http://generationyinvestor.com/?p=44 In a New York Time’s Op-Ed article published last Friday, Warren Buffet wrote, “I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking [...]]]> In a New York Time’s Op-Ed article published last Friday, Warren Buffet wrote, “I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.”  

This is a great vote of confidence for American stocks by the world’s greatest investor.  Buffet goes on to say that one of his rules for investing success is, “Be fearful when others are greedy, and be greedy when others are fearful.”  Although this strategy sounds simple, it’s really quite hard to go against the crowd in times of panic.  Buffet however is a master at this… sitting on large piles of cash until the time is right, and then scooping up great businesses while others flee the market. Buying great businesses at bargain prices is what allowed “The Oracle of Omaha” to amass a fortune north of $50 Billion.   If you weren’t convinced that now is the time to start investing by my post this past weekend perhaps you are now.

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