The article was published 2008, beijing time on October 17, 2008, occupy foreign website to report, buffett is in the god " new York Times " publish honoured guest to comment on an article to announce, will employ private fund to buy American share. He expresses, what he pursues is a very simple creed: Namely he is scared when other people is greedy, he is greedy when other people is scared. It is Buffett below be in " new York Times " the full text of place dispatch chapter:
No matter be,be in world other place, money market was immersed in a disorder. Financial crisis has pervaded overall economy in, this kind is permeated now turn into blowout type erupts. The near future, unemployment rate still will rise, commercial activity backwater not before, top news continues is darkling message.
Accordingly. . . I begin to buy American share. What I employ is his personal account, before this account does not have any asset besides the bond of American government. (did not employ Baikexier - the asset of haing Sa Wei, because the asset of this company will be thrown in charities entirely,be. ) if the price of American negotiable securities continues to hold appeal, so my blame uncle overcomes rare Er net assets will be American negotiable securities entirely before long.
Buffett: Mix in the disorder queasy when suit to buy a share most
Why?
Because I pursue a simple creed: Namely I am scared when other people is greedy, I am greedy when other people is scared. (Be Fearful When Others Are Greedy, and Be Greedy When Others Are Fearful) of course, scared below most circumstance meeting spreads, even if experienced investor also cannot resist this kind of scared move. It is affirmative a bit nevertheless, investor should lose to competitive position, but lever exceeding substance or enterprise keep vigilant. But the company with very much to the United States strong competition ability, not was necessary to worry about their long-term prospect. The profit of these companies also is met stand or fall, but most big company is in 5, 10, new profit record will be achieved after 20 years.
I should clarify a bit: What I cannot predict the stock market is short-term and fluctuant, to the stock a month or inside 1 year go up drop circumstance I not dare absurd character. However a circumstance can appear probably, before the market restores confidence or economy anabiosises, the stock market can rise and the likelihood is to go up greatly. Accordingly, if you when when bluebird cries, rebound the opportunity had been missed.
Buffett: Mix in the disorder queasy when suit to buy a share most
Learn to nod historical knowledge first: Great flat period, on July 8, 1932 - Jones 41 bits when the index falls to historical nadir, till Frank Lin Luosifu assumed office in March 1933 before, economic atmosphere still worsens continuously. Nevertheless the stock market went up however at that time 30% . Return the initial stage of the Second World War again, the U.S. Army is mixed in Europe the circumstance of Pacific Ocean battlefield very flooey, the stock market dropped to the end of cereal again in April 1942, turn round war situation from allied forces at this moment very far still. Again for instance, go up century at the beginning of 80 time, quickness of inflationary aggravate, economy glides, but it is the optimal opportunity that buys a share however. Anyhow, the bad news is the friend with best investor, you can bet American future with very low price.
Will for a long time look, the stock market will improve. 2 times in experience of 20 centuries United States world war is mixed other large-scale war, experience ebbs too, for many times decline and financial crisis; Oil crisis; Popular disease; Because scandal is nonofficeholding,wait for incident with the president. But path point to went up 11497 a little bit from 66 bits however.
Perhaps you can think, deficient still money is impossible in the century of so many to appearing in for an investor opportunity. But some investor are really deficient. These hapless eggs always buy a share when the sense is good, but sell when the market makes them scared piece.
Buffett: Mix in the disorder queasy when suit to buy a share most
The person that has cash or cash equivalent today may feel pretty good. But they are wrong. They chose a terrible long-term capital fund, one kind did not pay any price actually but the asset that affirmative meeting devalues. In fact, the policy helping city that American government implements may cause inflation, quicken cash assets thereby devalue.
10 years the value of negotiable securities meets tomorrow for certain almost prep above cash, and probable tower above is very much. Those hold to hold cash to aim at the investor of other investment field, awaiting good news, but they forgot Wayne Gretzky (ice hockey stars) an advice: I always am the direction that slips to move to ice hockey, is not to wait for ice hockey to reach the designated position to be chased after again.
I do not like to undertake guessing to the stock market, I emphasize me doing not have any understanding to the short-term prices of the stock market again. Nevertheless, the advertisement of a cafeteria in the practice in empty bank building indicates my general comply with: "The place that the money that puts your mouth to you once had stayed. " my money and my mouth is saying a share today.
