“Be fearful when others are greedy and be greedy when others are fearful.” –Warren Buffet. This has always been my investment strategy. I remember reading a while back that the manifestation of this attitude then becomes “when people are buying stocks, buy real estate. And when people are buying real estate, buy stocks.”
It’s harder than it sounds though. Because for the last 3 days, every time I’ve logged onto to my computer, my sidebar stock widget is awash in a sea of red. Google’s down, Sears Holdings took a major bath. But I’m loading back up, so we’ll see where the market heads. I just can’t believe that Starbucks is going to stay at 30 a share for very long–not when there are literally 3 of them within a 200 yards from my apartment.