Warren Buffett

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful…Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over. –Warren Buffett

If I had to name one person who has cured his money madness it’s Warren Buffett.  He’s one of the very best investors of all times because he keeps his cool, he stays centered, and he does the thing that has been 100% successful  in investing:  he buys low.

No other area in life is as simple as this:  Buy low, succeed.  That’s it.  Most of us are confounded by money madness and allow our emotions to guide us to do the opposite.  Now is the time to buy, not run for the exit signs.  Now is the  opportunity to invest , to find new income possibilities, to buy a house that you were never able to afford before, to be generous.  The people who realize that their abundance comes from within, not from without, will stay calm and centered and, ironically, make a lot more money.  Many people have fantasized about a number which will bring them to financial freedom.  That number is a fiction.  Nobody feels free when they  get to that number.  The goal for your finances should be to feel sufficient right now and to believe in your competence and ability to be creative and resourceful and successful.  

This post is a response to this New York Times Op Ed Article.