the time of the bears

10Nov08

“A simple rule dictates my buying: be fearful when others are greedy, and be greedy when others are fearful,” proclaimed Warren Buffet.” (Bear market, FT.com, November 2008)

It might make sense to buy for the long term, but at this time the bottom might still not have been reached.

“When markets experience dislocations as extreme as Black October, as Mr Buffett implies, what is important is the mass psychology reflected in the market’s moves.” (Bear market, FT.com, November 2008)

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