in May 3rd, in the United States of America Omaha Nebraska, "Warren" Warren Buffett attended the charge of the Berkshire Hathaway shareholders at the annual general meeting of shareholders, the investment experience.
The Buffett speech at the scene projection.Xinhua / Reuters       as everyone knows, when the shoeshine boy offers you investment advice, it is time to sell.So when "the sage of Omaha" (Omaha as the United States of America Nebraska place-names, "Warren" Warren Buffett birthplace, Berkshire Hathaway's registered each year in Omaha, Buffett held the annual general meeting of shareholders of the company.
) for you to provide investment advice, how do you do?      Warren Buffett announced last week that, through personal account to buy stocks."Be fearful when others are greedy, be greedy when others are fearful," he advised.
This is not the first time he suggested such.      Buffett right?Long term price / earnings data show two information: one is by historical standards, the United States stock seems to be more cheap, two is the American stock market is still down space.
      although in principle, Buffett's suggestion is very reasonable, but in practice it is not easy.Three months ago, when the credit crunch continues for several months, Fannie Mae and Freddie Mac declared as troubled, investors in the stock market has been in fear.
Their fear is over?The fact proves that there is No.Today we should also ask the same question, though the answer is not known.      Buffett gives us a history lesson.He points out, the Dow Jones index in 1932 July trough, but in Franklin I as president of the United States before they gained nearly 1/3.
Yes, but with hindsight it is easy to be found at the bottom of.If not hindsight, 1929 "Halloween" (October 31st) on the eve before the market is likely to look like the bottom: when Dow Jones index just experienced two awful days, and after comparing the peak has dropped nearly 40%.
Being greedy when others were fearful, contrarians poured.But the market then fell another 80%.Tragedy is unlikely, but not impossible.      nevertheless, in addition to follow history's most successful investor, also may have a worse choice,hollister.
Some retail investors complain, they neither Buffett so much, nor his ability to hold.During the dotcom boom, few people do complain, therefore more correct diagnosis is: they are neither intuitive, did not have the guts to follow Buffett's suggestion.
Historically, the typical stock market investors to underperform the market itself, does high buy low sell.Buffett's advice is good, it is because not many people listen to his advice.      market timing is a huge "scissors, stone, cloth" game.
If you are confident that you can stay one step ahead -- like Buffett, and with good reason -- so be sure to try all means to market trend.The risk is that, cleverness may overreach itself., investors merely outwit themselves.
For most people, to play "scissors, stone, cloth" the best advice is at random.For much the same reason, the best investment advice is to invest regularly, but don't try to grasp market opportunity.For those who are as smart as Buffett people, humility is the best approach.
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