Quote by Warren Buffett: Now’s the time to be greedy when others are fearful – Times Online

Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring [ice-hockey player] Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”

I don’t like to opine on the stock market, and again I emphasise that I have no idea what the market will do in the short term. Nevertheless, I will follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.”

Today my money and my mouth both say equities.

Warren Buffett: Now’s the time to be greedy when others are fearful - Times Online

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