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Terex Corporation Message Board

  • goselsap goselsap Jun 24, 2013 9:36 AM Flag

    Buffet: Buy when others are fearful

    From an article on CBS News:

    "The bottom line is that the research shows that whether it comes to predicting economic growth, interest rates, currencies or the stock market, the only value of gurus is to make weathermen look good.

    Keep this in mind the next time you find yourself paying attention to the latest guru's forecast. You're best-served by ignoring it. As I point out in my latest book, that's exactly what Warren Buffet does himself and what he advises you to do -- ignore all forecasts. They tell you nothing about the direction of the market, but a whole lot about the person doing the predicting. "

    Ben Zacks, a co-founder of well-known Zacks Investment Research and senior strategist and portfolio manager at Zacks Wealth Management Group. His score was 50 percent.
    Bob Brinker, host of the widely syndicated MoneyTalk radio program and editor of the Marketimer newsletter. His score was 53 percent.
    Jeremy Grantham, Chairman of GMO LLC, a global investment management firm. His score was 48 percent.
    Dr. Mark Faber, publisher of the Gloom, Boom and Doom Report. His score was 47 percent.
    Jim Cramer, CNBC superstar. His score was 47 percent.

    Remember what Buffet has said: Buy when others are fearful.

    Sentiment: Strong Buy

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22.23+0.26(+1.18%)Jul 22 4:01 PMEDT