If you are an investor, you probably think that Warren Buffett is a fairly bright guy. In keeping with one of his famous proverbs, "Be fearful when others are greedy; be greedy when others are fearful", Buffett has sunk a few billion in General Electric and in Goldman Sachs in the wake of the market meltdown.
Well, I wish I had money to do likewise but I do not. Perhaps it is reassuring that Buffett still has faith in the longterm value of stocks, especially when bought at distressed prices. I think it is going to be a long wait to recoup our losses on stocks, but I suppose it is the right thing to do for those who will NOT need the money in the next few years.
more detail in this story:
http://www.msnbc.msn.com/id/27235731
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Comments: 6
One way to look at it is "its the balance sheet, stupid". Stock selection is the key.
Value investors are not about market timing, and are willing to wait for the rest of the market to see what they see.
I personally have taken small positions in PEP, JNJ and ABT. I am doing a lot of research, and determining my entry points, and waiting for the market to come to me.
Pat- sounds like a good plan.
Netty- you are very welcome!