On 16 October 2008, in a New York Times op-ed, Warren Buffett wrote “Buy American. I Am.” This during a spell when the market had endured one of its most horrific moments less than a week before.
Early October 2008 was not the absolute low. March 2009 was the absolute low. But that does not matter. No one has a crystal ball; but gauging sentiment and taking advantage of market panic matters.
In the stock market, courage matters.
Buy when others are scared.
If you buy solid companies at times like these you actually lower your risk not increase it.
---
Source: New York Times -- Buy American. I Am.
No comments:
Post a Comment
Please send us comments here. Thank you.