Make Money Like a Buffet!

Warren Buffet, is now “the richest man alive according to Forbes, passing Bill Gates who has held the title for the past 15 years. Although he is 77 years old, he is still eager as ever doing what he has long done best. His “buy and hold” strategy is in action – he is ready to stock up at bargain prices. Since he is regarded as one of the world’s most successful investors, every move he makes and every step he takes within the financial market is religiously watched and copied.

Currently, Mr. Buffet is buying U.S. stocks for his personal account, claiming that he is picking up “a slice of America’s future at a marked-down price”. According to an interview with CNBC, he wants the world to know that it is time to get greedy right now, as fear sends stock prices plunging across the globe. Although he acknowledges that the Credit Crunch is a total “mess” and will only get worse in the nearest future, he argues that over the long-term the stock market will be good. His anticipation of the market, will hopefully calm some of us down! The Buffet-style tips for dealing with Wall Street’s ongoing turmoil are:

1. "Cash combined with courage in a crisis is priceless"
2. "Don’t invest in things you don't understand"
3. "Don't try to catch a falling knife until you have a handle on the risk"

Last but not least, I must say that I think Buffet is a fascinating character who I truly admire. I think that the main reason for his success is that at the end of the day, business to him is like playing Monopoly. He is not afraid of taking risks and he doesn’t mind to wait! Not only is he the richest man alive, he is also probably the most humble one of us all! He still lives in the same house that he bought in 1958 for $31,500 and plans to give away his fortune to charity! Warren Buffet, is now “the richest man alive according to Forbes, passing Bill Gates who has held the title for the past 15 years. Although he is 77 years old, he is still eager as ever doing what he has long done best. His “buy and hold” strategy is in action – he is ready to stock up at bargain prices. Since he is regarded as one of the world’s most successful investors, every move he makes and every step he takes within the financial market is religiously watched and copied.