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Be fearful when others are greedy and greedy when others are fearful. -Warren Buffett [1] But if he’s the one who is fearful, which one should I be? [1] https

• ignoramous 2y ago
  > But if he’s the one who is fearful, which one should I be? As the quote alludes to, depends on what "others" are: greedy or fearful.
  • haliskerbas 2y ago
    Yes but is the advice based on the state of others from the perspective of Buffett, or based on others from the perspective of me?
• AnimalMuppet 2y ago
  Unless you know more than he does, probably fearful.
• bugglebeetle 2y ago
  If Buffet is fearful, the people being greedy are so beyond your means and chasing an irrational self-destructiveness that you have zero chance of seeing an upside by being aligned with them.
• dgb23 2y ago
  That’s not how I interpret this quote. It’s about looking at the economy, the companies, the prices. Overvalued stock is people being greedy etc. It’s not about looking at what a specific person does. Quite the contrary. If some professional with a track record you trust makes a call, it’s something you listen to if you’re an amateur.