News, analysis and personal reflections on the markets & the financial sector

Sunday, October 19, 2008

Buffett: Why I'm buying American stocks

Warren Buffett explains in a New York Times commentary why he has been buying American stocks lately. Buffett said his non-Berkshire Hathaway net worth may soon be 100% invested in U.S. equities. "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," he writes.

more at http://www.nytimes.com/2008/10/17/opinion/17buffett.html

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