Quote:
Originally Posted by Ugly Bastard
Buffet's right about inflation but wrong about the market recovering (he was calling "buy" at Dow 10k). This market isn't recovering. There might be some short rebound that serves as a good point to dump whatever stock you have left, but the 2-4 year picture is very gloomy. I think if the market is break-even two years from now relative to where it closed today, that's a significant achievement.
|
When buffet buys he doesn't buy needing to sell immediately. He buys and holds. For a long time. Buying stocks might still have been a good move. He invests based on fundamentals. The only problem is he might not live long enough to be vindicated with this last move. But if he does, once again he will come out on top.