Continuing my thoughts from a week ago….
Gold is down below $800 an ounce (yay!) and headed for a big weekly loss. Naturally, I haven’t heard from any would-be gold investors today, because THIS would be the time to buy gold. I only hear from them when gold is at a high.
Speaking of investing, Warren Buffett has a good article in the New York Times in which he says, “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”
Warren Buffett
haha great quote from a great man!
Thanks for the lovely comment by the way 🙂
Excellent advice . . . good as gold!
xoxox,
CC
Yes Buffett, you have to do it your own way
Hi there-a great quote and it certainly seems the right time for buying gold too-lets hope it goes down even further!!
That is a really good idea to have them altered. I’m going to look into it.
Here’s Miss Janey wishing he was her Dad.
WB (same initials!!!!!) didn’t get rich being stupid. That’s good advice he’s given.
I’m kind of thinking that the real Coco left that comment up there. It’s so . . . unrelated.
Anyhoo, I’m buying stock like crazy right now. It’s like a 75% off sale on Louboutin shoes.
LOL! Deirdre, she was responding to something I wrote on her blog.
Mr Buffett will shortly own just about everything in the entire world – the benefits of being super, extra, astoundingly liquid when the markets are plummeting like this. His advice is worth hearing!
What an outstanding quote. The Spousal Unit just weighed in when I read it aloud, saying, “That’s why he is who he is.”
Thanks for posting the link to the article!
🙂
tp
I’ve been loving your economic commentary as of late. Buffett is such decent man. His interview on Charlie Rose recently was really honest and refreshing. A friend of mine just lost the retirement plan her father had set up for her a loooong time ago. He got scared and sold low. I feel sooo terrible for her! Ladies, watch your own money!
That’s a very good philosophy.
That’s a pretty good tip actually. 🙂
Warren rules- I would like to read the new biography out on him. In it, he is quoted as saying “if a 3 yer old won’t eat it, I won’t eat it” and so he eats alot at Olive Garden-that was so surprising to hear.
Yeah, sterling silver is down right now too-so yeah for my business too!
My wife worships Mr. Buffett. I get the feeling she’d leave me in a heartbeat for him. I guess I would, too.
agree with mr. buffet.
That was a great editorial from Mr. Buffett. I’m just starting the massive 900-something-page bio of him, Snowball.
smart advice, if i had an extra $$ around i’d be buying up some stocks.