Wefwef

Buffett and the Limits to 'Awaiting Better Times'

When the market tanks another 50% from here, Buffett doesn't lose much. He just sells a few BRK.A to cover expenses and waits more. Can you afford to do the same? Good for you if you do.

Stocks are reasonably valued right now considering expected earnings. However those earnings most probably will not stick with us till Q1-Q2 2009, at which time your past purchase now will seem much overvalued.

Buffett doesn't care, he's willed his moneys away at his death, doesn't stand to lose anything.