Quote of the Day – Buying American
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Friday, October 17, 2008
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“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett, explaining why he’s putting billions of his personal funds into buying U.S. equities.
About James Joyner
Hit the market quick and buy an island in the boonies of the Indian Ocean somewhere, before Obama takes it all.
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Buffet is a scumbag of Sorosian proportions.
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I’m not sure if Triumph is serious here or not. Buffett is only stating the obvious investment strategy. Buy Low, Sell High. I view the current situation as a great opportunity to buy cheap stocks and hold them for my retirement. Same thing to give my kids a head start for their nest egg. Of course, it helps to have some cash to do this.
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That’s sort of the beauty of Triumph’s humor.
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seconded
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