Owing to the recent mess in the stock market, often our discussion in office revolves around falling stocks of Indian companies. Just a few days ago when we were involved in one such discussion, one friend guessed about what Warren Buffet must be doing these days. After all, this legendary investor, who became world’s richest man this year, has earned his fortune in share markets.
We could only make some wild guesses about him. After all, he has huge financial resources with him and can easily withstand any crisis. However, we all were agree that this smartest investor on the planet must be exercising caution in buying share during these trouble times.
How wrong I was. Recently I came across an article on the current economic crisis written by Warren Buffet himself. This article is an eye opener for many of us who have become a victim of what many expert are describing as ‘irrational pessimism’. [click to continue…]
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