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.
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