Should US Investors Panic And Sell?
UncategorizedSince we’re not a financial blog, I’m not going to go into too much detail on this other than to point out a statement made in the past by legendary long term investor Warren Buffett:
“Be fearful when others are greedy, and greedy when others are fearful.”
He seems to be putting his money where his mouth is, making some recent investments in areas others are particularly fearful of. I’ve noticed a lot of younger and less experienced investors are cashing out and heading for the hills while older, more experienced long term investors are actually buying, not selling.
Something to think about when you find yourself emotionally reacting to changes in the stock market.
October 30th, 2008 at 2:11 pm
If you look at the physical functioning of Panic … it’s “something” that is intense that lasts for a brief period of time.
So do events driven by panic … you don’t have to be a genius to figure this one out.