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Is Now the Best Time to Follow Warren Buffett and "Be Greedy"? History Offers a Compelling Answer.
Warren Buffett has led Berkshire Hathaway to a stock market win over the past 59 years. As chairman, the billionaire investor has always aimed to buy quality stocks at reasonable or even cheap prices and hang on for the long term.This strategy has proven its strength, as Berkshire Hathaway has delivered a compounded annual gain of nearly 20% over that time period -- far surpassing the S&P 500's (SNPINDEX: ^GSPC) 10% compounded increase.But how exactly did Buffett get in on winning players at just the right time? He did it by going against the crowd, and he even explained this strategy in one of his letters to Berkshire Hathaway shareholders. Buffett and his team "attempt to be fearful when others are greedy, and to be greedy only when others are fearful," he wrote in the 1986 letter.Continue reading
Warren Buffett has led Berkshire Hathaway to a stock market win over the past 59 years. As chairman, the billionaire investor has always aimed to buy quality stocks at reasonable or even cheap prices and hang on for the long term.
This strategy has proven its strength, as Berkshire Hathaway has delivered a compounded annual gain of nearly 20% over that time period -- far surpassing the S&P 500's (SNPINDEX: ^GSPC) 10% compounded increase.
But how exactly did Buffett get in on winning players at just the right time? He did it by going against the crowd, and he even explained this strategy in one of his letters to Berkshire Hathaway shareholders. Buffett and his team "attempt to be fearful when others are greedy, and to be greedy only when others are fearful," he wrote in the 1986 letter.
