Written by Sam KovacsIntroduction
Man do I love Uncle Warren.
How many of us have been profoundly impacted as investors from his philosophy?
Every time I write an article, I can easily think of a quote of his which will be relevant to what I'm writing.
It makes it easy for me to select a cover photo for my articles, and it turns out people love to click on his likeable grandpa face.
Back in college, I read and took notes on every single one of his letters to shareholders.
I figured that I might have had a thing or two to learn from him.
But over time what I've found out, is that you can't just take one sentence and apply it badly.
Case in point. Being greedy when others are fearful, does not mean be stupid when others are fearful.
I have a couple friends who decided to buy the TERRA LUNA (LUNA-USD) cryptocurrency after it tanked 99%. I told them it would likely tank again as the crypto has infinite supply and was hyperinflating in an effort to reinstate their stablecoin's peg.
They got wrecked, as it plummeted another 99%.
When others are fearful of proven assets, then yes it is a good time to be greedy. When others are capitulating, it's the time to pounce.Why markets are going higher
I shared this chart with members of the Dividend Freedom Tribe, just over a week ago.
It shows AAII's investor sentiment survey.