Warren Buffett: "Buy America, I am"
On Page A33 of Today's (Oct. 17) Times, the Warren Buffett wrote an op-ed piece explaining why his buying US stocks now while holding almost nothing before the financial crisis started a few weeks ago. In fact, he's $80 billion richer since this summer, while everybody else has lost a big pile of cash. This makes him surpassing Bill Gates to become the richest person in the world.
Should we follow him? You bet (if you still have cash left from the market and you don't need it till next decade).
In his article, he quoted Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
posted by spotlessmind @ 09:32
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