Very interesting information for INVESTING 102.... at Berkshire Hathaway annual meeting - Warren Buffet was "cheering stocks DOWN"! Why did he want the DOW to move DOWN?? Because on Friday he put 60 million to work - and planned to put more to work early this week and he wants to "get more for my money".
That must explain why he's one of the worlds richest men! He's BUYING when the market is DOWN. He actually understands the OVER TIME - if he buys when the market sucks - that he will be rewarded long term.
I've been cheerleading this "idea" for this whole thread...
Of course everyone "waits" for the perfect time to "get in". There really isn't any good answer or signal or news that you can say "now is the time because it's not going any lower".... so this is not what I'm trying to say. What I'm pointing out is that when you see a stock you like -- and the market is down -- don't be afraid to pounce! Will it go lower. Yeah! You can bet on it. But if you've been watching a stock and it's moving higher and higher and all of a sudden the market is selling off you need to get a mindset that says "GREAT" I'll buy some! It's on sale!
Be like Warren Buffet!
