kuvholt

Buffett and the Limits to 'Awaiting Better Times'

The interesting thing is Buffett actually 'awaited better times' to invest - which is why he's buying now. The bottom line is you're supposed to 'buy low, sell high' and Buffett does this (although it's mostly buy low and hold forever). What he's saying boils down to telling people "this is when it's low".

The issue is that most people buy high and sell low - look at mutual fund flows.