"Help yourselves," says Warren Buffett, or rather, "Get 'em while they're cheap." Well, actually, he said this, after admitting economic conditions now look bad: "What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up," he said. "So if you wait for the robins, spring will be over."
Spoken like a guy who has made his fortune by not joining stampedes.
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One of the keys to being a value investor is to "stand apart from the crowd". This also applies to avoidance of pain -- in June 2005, Time Magazine published their "housing porn" edition with a cover that read "Home $weet Home: Will Your House Make You Rich?". When Time magazine published that edition, I knew it was time to rent.
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