Series VI · Card 5 of 21 · THE COUNTING HOUSE
Be fearful when others are greedy, and be greedy when others are fearful.
WARREN BUFFETT · THE NEW YORK TIMES · 16.10.2008
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Source
Warren Buffett, “Buy American. I Am.”, op-ed in The New York Times, 16 October 2008 (print edition 17 October 2008): “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.” Idea first in the 1986 shareholder letter.
About the author
American investor (b. 1930). Ran Berkshire Hathaway from 1965 until the end of 2025. Known as the “Oracle of Omaha”, one of history’s most successful investors. Famous Bitcoin skeptic who called it “rat poison squared”.
The question on the back
When did you last go against the mood?