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“When people are fearful, be greedy. When people are greedy, be fearful.” -Buffet quote I think about a lot over the last 12 months
by smurda 6y ago
“When people are fearful, be greedy. When people are greedy, be fearful.” -Buffet quote I think about a lot over the last 12 months
- ethbr0 6y agoThe key point from that quote is "when people are fearful, a pessimistic future is currently priced in" and "when people are greedy, an optimistic future is currently priced in." So, effectively, it's setting up a win/tie dynamic on change/expected. Vs a lose/tie dynamic on change/expected when investing with the current sentiment.