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17 Oct

Buy American. I Am. – Warren Buffett

Category: Finance, Investing, Life-in-General

Warren Buffett thinks that investing in U.S. equities for the long run is a great investment. He has written an op-ed piece for the NY Times.

Buffett says:

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

Read it hear: Op-Ed Contributor – Buy American. I Am. – NYTimes.com (HT:Real Clear Politics)

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Posted Friday, October 17th, 2008 at 3:13 pm
Filed Under Category: Finance, Investing, Life-in-General
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