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.

Top 4 Ways Warren Buffet is Dealing with Financial Crisis

Warren Buffett's Top 4 Keys to Investing

First a quote by Buffett, this quote is really appropriate about these current financial times.

"When everyone is greedy, be fearful....When everyone is fearful, be greedy....

Advice from the Oracle of Omaha....Mr. Buffett has always let his actions speak for him, below are the keys to his investing at this time. You may read the entire article at Michael Brush's column for the in depth analysis of the financial moves Mr. Buffett is currently making.

But actions speak louder than words. And Buffett's recent actions provide four keys for investors:

• In the long run the U.S. economy will be fine, so it's time to start nibbling on cyclical names that have been hit too hard by fears of economic Armageddon, like railroad stock BNSF Railway (BNI)

• Basic manufacturing stocks may be buys here for the same reason.

• Get international exposure to benefit from the weak dollar and foreign economic growth.

• Avoid the financial sector.

All sounds so simple....If Wall Street had followed his simple ideas would Wall Street be in this financial Mess??