A quote from Warren Buffett from yesterday’s New York Times op-ed (via 37signals):
Be fearful when others are greedy, and be greedy when others are fearful … What is likely is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
Yesterday I bought his biography from Amazon, which should be an interesting read given that this is the guy who never seems to get caught up in the hubris. Apparently, the book is the first biography written with his full cooperation and collaboration.
