Warren Buffett

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."

"Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results."

“Risk comes from not knowing what you're doing.”

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1.”

“Price is what you pay. Value is what you get.”

“Equities will almost certainly outperform cash over the next decade, probably by a substantial degree.”

Follow Buffett or guess?
When Buffett speaks, given that he’s made his wealth from investing, it usually pays to listen. Thousands of ordinary investors like you and I admire the man, trying to learn the secrets of his success and put them into practice so we too can be billionaires. Most of us are not, but at least we can try!

The global credit crisis and forthcoming recession have clearly spooked a lot of people. These are unprecedented times. As an investor, you have two options ...

1. Try to guess how long the recession might be, guess whether it will be a V-, U-, or L-shaped recession, guess how it might impact on earnings, and make investment decisions made on those best guesses; or
2. Follow Buffett’s advice, and buy now.

I know which option I’m taking.