Thursday, February 24, 2011

Quote of the Day: Warren Buffett

“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.”

~ Warren Buffett, New York Times op-ed, October 16, 2008.


  1. I love this quote, and Buffett is always so wise in this regards. I heard countless people make the same argument, and it just goes to illustrate how people don't always/usually base investment decisions on sound reason.

  2. Easy to say not easy to do. Buffett is a gem - a great teacher.