Friday, May 8, 2009

Buy the stocks when the business is bad

In 1954 the Dow was up 50 % and the country was in a recession. It was the best year I ever had in my life. It's a big mistake to say business is bad, therefore I shouldn't buy stocks. That usually is the time to buy stocks. And when everything is wonderful, it's not usually a very good time to buy stocks.

- Warren Buffett

No comments: