Warren Buffett’s Buying Stocks - Maybe We Should, Too
One famous quote from Warren Buffett, the renowned billionaire investor and founder of Berkshire Hathaway is: "Be fearful when others are greedy, and be greedy when others are fearful."
After years of sitting by the sidelines with his money in bonds - while the U.S. Stock market rose to unprecedented levels, and the real estate market did the same - Buffet is now primed in a cash-heavy position to be able to get out into the stock market and scoop up bargains, now that a recession is upon us.
According to Buffett’s recent op-ed piece in the New York Times, Buffett recognizes the deflated stock market as a buying opportunity. Although he can’t predict whether the market will go up or down in the next year or so, he knows it’s down now, relative to historic levels… and he’s buying. He anticipates moving 100% into U.S. equities before too long if market trends continue to keep prices attractive.
Likewise, 3 of the 4 indicators on Ben Stein’s website (the website is a follow-on to his book, Yes You Can Time The Market, which I profiled earlier this year) indicate that the stock market is undervalued and the S&P 500 represents a good buying opportunity.
If you’ve been thinking about how to invest in the recession - maybe Warren Buffett is the guy you should be emulating right now.
Be Well and Be Wealthy!
Emily
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