Blog: Buffet Investment Advice

Posted by: Max Dunn on October 23, 2008 10:40:42

In today's volatile market, it is easy to be fearful and want to sell in case the market goes down further. However, Warren Buffett, the “Oracle of Omaha,” has often been quoted for his investment philosophy, “Be fearful when others are greedy, and be greedy when others are fearful.” Buffett said he’s buying U.S. stocks for his personal portfolio to the extent that they will soon comprise 100 percent of his account. So maybe this is the time to be greedy and hold on in the expectation that stocks will soon rise back up again.

Created on October 23, 2008 10:41:21 by Max Dunn (69.226.214.117)