Be Fearful When Others Are Greedy
One of my readers sent me this quote from Warren Buffett yesterday:
Be fearful when others are greedy and greedy when others are fearful
It's sound advice and having failed to heed it last time I was in the midst of a bubble, I find myself increasingly fearful these days. It doesn't mean we aren't investing. We've closed two deals this year and are working on several more.
But it does mean that we are taking a cautious stance.
Maybe that's what Peter Rip was trying to say with his Over and Out post about Web 2.0 several weeks ago.
Thanks, Fred.
Posted by: Peter Rip | March 27, 2007 at 12:36 PM
Great, good post, thanks for sharing! Good work!
Posted by: George C. | March 27, 2007 at 12:53 PM
Reminds me of another quote from the financial markets:
Bulls make money, bears make money, but pigs -- they get slaughtered.
It'll be interesting to see how this all ends up panning out. If the IPO market heats up again, we could all be in for a wild ride. =)
Posted by: Shanti Braford | March 27, 2007 at 12:59 PM
Stay ahead of the herd!
Posted by: TheBillfold | March 27, 2007 at 05:13 PM
I know what to do when others are greedy and when they are fearful. But what do I do when others are quoting Warren Buffet?
Ok, ok just a few more rally days and I cash out...
Posted by: Andi | March 28, 2007 at 12:23 AM
investing is rich in quotes:
"buy when there's blood in the streets"
Posted by: mathew | March 28, 2007 at 01:45 AM