Clay
New Contributor
"Be fearful when others are greedy, and be greedy when others are fearful."
Now's the time to Buy American,
"The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher," the head of Berkshire Hathaway Inc conglomerate wrote in the New York Times.
"In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary," Buffett added.
"So ... I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy)."
"If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities."
:iagree:
Now's the time to Buy American,
"The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher," the head of Berkshire Hathaway Inc conglomerate wrote in the New York Times.
"In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary," Buffett added.
"So ... I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy)."
"If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities."
:iagree:
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