LEARN WARREN BUFFET STYLE OF INVESTING
Saturday, September 27, 2008
Recently Warren Buffet invested 5 billion dollars in Goldman Sachs.Do you know why he invested when U.S is in a financial crisis?
Read to know the reason...
Warren Buffett practices what he preaches. His strategy to buy stocks whose prices have been driven down due to fear is very evident in his latest move. Wall Street is in the grip of unprecedented panic and stock prices have plummeted, even those of one of the world's most prestigious banks like Goldman.
"Be fearful when others are greedy. Be greedy when others are fearful," Buffett has often said. Buy when people are selling and sell when people are buying. His investment in Goldman Sachs stems directly from this investing principle of his.
Buffett's investment in Goldman not only boosted the bank's confidence, but also that of investors worldwide. Essentially, Buffett's investment is an endorsement of his faith in the stability of America's financial and banking system.
"Be fearful when others are greedy. Be greedy when others are fearful," Buffett has often said. Buy when people are selling and sell when people are buying. His investment in Goldman Sachs stems directly from this investing principle of his.
Buffett's investment in Goldman not only boosted the bank's confidence, but also that of investors worldwide. Essentially, Buffett's investment is an endorsement of his faith in the stability of America's financial and banking system.
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