For those who invest in the stock market and have seen the market crash 815 points in the last three days, here’s a quote from one of the most successful investor and currently the second richest man in the world:

“Be fearful when others are greedy and greedy only when others are fearful” Warren Buffet

6 Comments so far

  1. Inspirex (unregistered) on March 8th, 2006 @ 7:06 pm

    There was massive bloodshed today!
    The cbr announced that they would be goin for stock brokers based on their holdings.

    I see a few mutual funds braving the sharp falls quite smoothly though.

  2. Kumail (unregistered) on March 8th, 2006 @ 9:11 pm

    some would argue with you about the your remark about warren buffet – what with eddie lampert around – we may have to create finer distinction between the two
    as for the crash – BRUTAL – but its no surprise, thats how KSE has been tracking in the last little while.

  3. aalahazrat (unregistered) on March 9th, 2006 @ 12:11 am

    And all I can do is whine about all the ICI I didnt sell at 180.

  4. alias (unregistered) on March 9th, 2006 @ 12:37 am

    Still time to go on a buying spree when the market goes down further this week.

    It’s not as if it wasn’t expected. Having it go up like that is nuts! Besides, with 2 stocks controlling 1/3rd of the index’s total movement, what do you expect?

    Nonetheless, don’t sell those ICI… yet. ;)

  5. abbas halai (unregistered) on March 9th, 2006 @ 12:45 am

    heh buffett kicks ass. good luck trying to buy some berkshire hathaway stocks.

  6. Zag (unregistered) on March 9th, 2006 @ 8:35 am

    I think CBR cheif issued a clarification yesterday that all this is just a rumour, so i am guessing market will shoot up again tomorrow…

    Good luck with those ICIs :)

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