“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”
2004 Chairman's Letter http://www.berkshirehathaway.com/letters/2004.html <br class="br">Letters to Shareholders (1957 - 2012)
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Warren Buffett146
American business magnate, investor, and philanthropist 1930Related quotes
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett (1930) American business magnate, investor, and philanthropist
Interview with Charlie Rose, on PBS (1 October 2008), also reported in "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview" at CNBC (1 October 2008) http://www.cnbc.com/id/26982338 <br class="br">Context: You want to be greedy when others are fearful. You want to be fearful when others are greedy. It's that simple. … They're pretty fearful. In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
“be greedy when others are fearful, and fearful when others are greedy.”
Warren Buffett (1930) American business magnate, investor, and philanthropist
Haidakhan Babaji teacher in northern India
The Teachings of Babaji, 25 December 1981
Humanity
“People fear/hate other nations only when they don't know them.”
Carlos Gershenson (1978) Mexican researcher
Treo Notes (December 2006 - December 2009)