Warren Buffett Holdings
Warren Buffett Holdings | Investing in Stocks
(http://HedgeFundBlogger.com) An interesting article which relates to my posts yesterday on hedge funds coming out of this whole crises stronger than ever. The most experienced Hedge Fund Managers see more opportunity right now than they do anything else. A quote from Warren Buffett a recent New York Times article reads: “Be fearful when others are greedy, and be greedy when others are fearful”
Here's an excerpt from the article:
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. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
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.
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now. Read the full article by clicking here.