Part of our investment approach includes the idea that the most successful investors are those who can fight their emotions and buy when others are irrationally selling and sell when others are irrationally buying. I have often cited many historical examples. Here is an example in real-time. If you haven’t read Warren Buffett’s op-ed in the New York Times about why he is buying U.S. Stocks today for his personal account, it is quite informative and a very short read.
Buffett, Warren E. “Buy American. I Am..” The New York Times 17 Oct 2008. 20 Oct 2008 <http://www.nytimes.com/2008/10/17/opinion/17buffett.html>.
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