Original story here: http://www.nytimes.com/2008/10/17/op...=1&oref=slogin
So, most investor's opinions aren't worth discussing, but in Warren Buffet's case, the guy made most of his fortune during exactly times like these.A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
If he is buying up American stocks, could he be right yet again?
If the dollar does actually collapse, wouldn't a lot of strong companies still be strong and do very well 5-10 years from now?
Any thoughts?
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