Warren Buffett says that distressed assets are a great investment in an interview with Charlie Rose. He talks about Mortgage-Backed Securities, the government bailout. He says if you buy distressed assets at distressed prices, you will make money. He also mentions his confidence in the US economy over time, and closes with his classic quote: "You want to be greedy when others are fearful, you want to be fearful when others are greedy."
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{ 16 comments… read them below or add one }
The Oracle of Omaha is my homeboy.
He’s great! He didn’t become the richest man in the world by being wrong about his investments, I’ll tell you that much.
I think he’s right too. People talk about what trouble the economy is in, but you don’t hear as much about how this is the time when incredible fortunes are going to be made because so many investments are undervalued. If you believe in value- getting more for your buck- then you’d better believe in the bargains that are out there now!
“Be greedy when others are fearful…”
lol…..dont reveal the secrets man
you sister fucker he is my home boy
Buffett gets excited if he can buy something at a two thirds discount. He mentioned buying Merrill Lynch at 22 cents on the dollar. That’s way better than the best of what excited Berkshire!!
Buffett speaks in modest tones, but believe me, he’s doing mental backflips at the bargains he can pick up right now. He may phrase his backflip as “I see some things that may be appealing” but it’s a backflip.
He is a mouth piece for the federal government and a tool of the federal reserve bank.
realestatefordummies in blogspot is good
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i love you warren
why? because he supports obama? because he’s a rich person supporting obama?
greed is good
invest ethically in “green” pensions, insurance pensions, mortgages & other financial products
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Who cares?…
Blah Blah Blah,… you can’t win folks.
Wall Street is rigged and a fraud.
Govt economic data is a fraud.
Bernanke, Geitner, Roubini all frauds.
Stay away don’t get screwed.
Stick to something that is real, take delivery
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Peace.
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