Warren Buffett is not only widely admired for his capability of picking winning stocks, is also known for calling it quits when there are no bargains to have. In 1969, he liquidated his money management pool, The Buffett Associates, and gave his clients their money back. In 1999, during the hay days of internet bubble, while the naive investors were expecting an long-term average return of 22.6% and the seasoned investor was expecting 12%, Warren Buffett poured water on the fire by predicting a 6% return for the coming years.
On October 16 of this year of stock market disaster, Warren Buffett broke silence in nine years in commenting on the valuation level of the stock market by publishing an article titled "Buy American. I am" in New York Times. One and after months later, the stock maket dropped further and many smart people start to question the wisdom of the Oracle of Omaha. Whereas the future is hard to predict, the history is cast in time. Warren Buffett called "Time to Buy" openly at least twice in the past, once in 1974 and the other in 1979, both proven to be excellent entry points for long term investors.
For a complete reading of his word of wisdom during the milestone moments, read on
On October 16 of this year of stock market disaster, Warren Buffett broke silence in nine years in commenting on the valuation level of the stock market by publishing an article titled "Buy American. I am" in New York Times. One and after months later, the stock maket dropped further and many smart people start to question the wisdom of the Oracle of Omaha. Whereas the future is hard to predict, the history is cast in time. Warren Buffett called "Time to Buy" openly at least twice in the past, once in 1974 and the other in 1979, both proven to be excellent entry points for long term investors.
For a complete reading of his word of wisdom during the milestone moments, read on
