Wednesday, October 24, 2012

Warren Buffett: 'Don't Make This Mistake'



Warren Buffett has some timeless advice for investors that he can't repeat too many times.
At the end of his live, two-hour appearance with Becky Quick on CNBC's "Squawk Box" this morning, she gave him a chance to do a free association reaction to a single word: "buy."
Here's his response:  "I say, basically, 'hold.' The idea that the European news or slowdown in this or that or anything like that, that would not cause you to, if you owned a good farm and had it run by a good tenant, you wouldn't sell it because somebody says, 'Here's a news item,' you know, 'This is happening in Greece' or something of the sort…….”


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