Putting his money where his mouth is, and while others investors are hanging their tongues between their legs, Buffet shows he got oodles of balls as well as he reportedly buys US stocks despite the down-the-drain state of American economy.
Hear what the honcho of Berkshire Hathaway Inc. conglomerate wrote in the New York Times: "The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher...In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary."But Buffet, whose fortune is as famous as his frugality, personifies what Atilla the Hun and Pollyana would have spawned if their paths had crossed. Cold-blooded optimism, that's what Buffet exudes with his ruthless maxim: "Be fearful when others are greedy, and be greedy when others are fearful."
Words like boulders over your head, huh? If that's too outsize for your pocket, here's a thought of the day in the latest issue of Forbes magazine, a quote from a certain Christopher Morley: "Big shots are only little shots who keep shooting."
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