Warren Buffett Quotes Wayne Gretzky
In this October 16th New York Times Op-Ed piece, Warren Buffett offers great advice by quoting Wayne Gretzky:
“I skate to where the puck is going to be, not to where it has been.”
In other words, it's not about making decisions by looking in the rearview mirror. You need to look forward and invest with optimism and confidence based on our economy's past successes in surviving severe downturns and going on to bigger and better things. I encourage you to read Mr. Buffett's words as think about them as we endure this challenging investment environment. Here's another great quote that Buffett's uttered many times before:
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.
Please post comments or questions below. And have a great weekend. [via Ramit]