"We are fearful when others are greedy, and we are greedy when others are fearful." Buffett's original English words are as follows:

The time to be greedy is when others are afraid, and the time to be afraid is when others are greedy.

Buffett Introduction:

Warren E. Buffett (Warren E. Buffett), male, Master of Economics. Born on August 30, 1930 in Omaha, Nebraska, USA. It is a world-famous investor whose main investment products include stocks, electronic spot, and fund industries.

Extended information:

Buffett's Law:

Buffett's Law is the wise saying of Buffett, known as the American "Stock God", and is based on his experience after many years of investment career. crystallization. Buffett has created one investment myth after another since he purchased Berkshire, which was on the verge of bankruptcy, at a low price in the 1960s.

Someone has calculated that if in 1956, grandparents gave 10,000 US dollars and asked to invest together with Buffett, if they were very lucky or had great foresight, the capital would have received an astonishing return of more than 27,000 times. , while the Dow Jones Industrial Average rose only about 11 times during the same period.

No wonder some people call Berkshire stock "the gift that people desperately want to get." In the United States, Berkshire's net worth ranks fifth, behind AOL Time Warner, Citigroup, ExxonMobil and Viacom.

He was able to achieve such crazy achievements thanks to the Bible he believed in, which he later summarized as Buffett's Law: You will not get rich by investing where everyone else has invested. The success of countless investors all follows this law, either explicitly or implicitly.

Baidu Encyclopedia-Warren Buffett