Why Ask Me? Ask Mr. Buffet!

People continuously ask me, “How is the Market?”  This blog is a good reflection of my opinions, but sometimes it’s good to get another perspective, especially from someone with an unsurpassed track record:  Warren Buffet.

I like Mr. Buffet…he’s candid, admits his mistakes, learns from them, but most importantly, has his eyes wide open to the future and the past.  In an Op-Ed piece written for the New York Times this past October, Warren makes the follow statements: “A simple rule dictates my buying:  Be fearful when others are greedy, and be greedy when others are fearful.”

He is so right!  When the real estate market was going crazy, buyers were fighting for houses, offering pie-in-the-sky prices.  Now, fear has set in and most buyers are on the sidelines, paralyzed, doing the exact opposite of what made Mr. Buffet the billionaire.