Warren Buffett has been saying that there won't be a booming recovery until the housing market starts to recovery. Buffett has also been saying through the turbulence of the markets recently that all of Berkshire's operating businesses other than housing are performing well.
I think a very sensible strategy for a very long term investor is to make some investments that will profit from the eventual housing recovery. Companies that aren't making much now could rapidly expand earnings and cash flow in better times.
One investor doing this is Bill Ackman who is interested in Lowe's as detailed in this presentation:
Pershing Square Lowes
Also check out: I think a very sensible strategy for a very long term investor is to make some investments that will profit from the eventual housing recovery. Companies that aren't making much now could rapidly expand earnings and cash flow in better times.
One investor doing this is Bill Ackman who is interested in Lowe's as detailed in this presentation:
Pershing Square Lowes
