Any of my typical readers will realize this is not a typical post of mine. However, in honor of the Berkshire Hathaway meeting taking place in Omaha I decided to post a short article about Buffett. Here are three simple lessons we should all learn from the master himself Warren Buffett.
The Recession and Value Investing
One of the positives about the economic situation is that there isn’t a better time to do value investing. Financial experts realize that many people can increase their wealth in boom time, but some people can get fabulously wealthy during bust times. The reason for that is when a recession or depression happens; many quality stocks become undervalued even when their fundamentals are strong. In a time period when many good, solid, stocks are trading at discounts to their actual intrinsic worth, now is the time to buy, not to sell, especially as the recovery takes hold and the stock prices climb.
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