-815
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
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.
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.
And all I can do is whine about all the ICI I didnt sell at 180.
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. ;)
heh buffett kicks ass. good luck trying to buy some berkshire hathaway stocks.
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 :)