“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”
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Warren Buffett 146
American business magnate, investor, and philanthropist 1930Related quotes
2004 Chairman's Letter http://www.berkshirehathaway.com/letters/2004.html
Letters to Shareholders (1957 - 2012)
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
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
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.”
“The secret of a good scam is not to get greedy.”
Source: Vacuum Flowers (1987), Chapter 4, “Londongrad” (p. 50)
“Have others fear you, and I will have no fear.”
Faites que l'on vous craigne, et je ne craindrai rien.
Laodice, act I, scene i.
Nicomède (1651)
