I read a very interesting article this morning, in which the author wrote,
“Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors.”
The author?
Warren Buffett in today’s NY Times.
He says that this is the right time to be investing in equities, and that he’s in the process of moving all of his personal holdings from US Government bonds to equities.
“Let me be clear on one point: 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.”
and he finishes his article by quoting The Great One, Wayne Gretzky,
“I skate to where the puck is going to be, not to where it has been.”
It might be a good idea to follow what one of the world’s wealthiest men is doing. Don’t you think?
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Rolf Issler is a licensed Insurance Advisor and Mutual Funds Representative with World
Financial Group. The information contained is for eductaion and entertainment purposes only.
