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Thursday 11 August 2011

Warren Buffett Explains Why Fear Overshadows Greed

By: Alex Crippen - CNBC

It's a good time to remember one of Warren Buffett's classic rules:  "Be fearful when others are greedy, and be greedy when others are fearful."
With so much fear in the financial markets right now, it's not a surprise that Buffett is being greedy.
He reminds Fortune's Andy Serwer that "the lower things go, the more I buy.  We are in the business of buying."  (He, of course, won't say exactly what he's buying.)

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