Friday, October 17, 2008

Warren Buffett Says Be Greedy Buy U.S. Stocks

Hey, OMG, I quoted Warren with this same quote on my blog on Wed. 10-15-08.

Took the New York Times a few days to catch a clue....

"A simple rule dictates my buying," Buffett writes. "Be fearful when others are greedy, and be greedy when others are fearful."

Warren Buffett pulls out the pom-poms in a New York Times editorial today urging people to follow his lead and buy American stocks. I want to know which stocks he's buying. And, is holding cash really that bad?

Buffett says he's been buying stocks in his own personal account, in which he previously owned nothing but government bonds. If prices stay attractive, he says, soon all of his personal holdings will be 100% U.S. equities.

No comments: