Redwurzel
Well-known member
Warren Buffet is often seen as the World's most successful investor. And he has been investing for nearly 70 years.
His famous phrase is "when others are greedy be fearful, when others are fearful be greedy"
It feels like a fearful period to me in the last 3 days with the markets thinking the coronavirus will significantly reduce most companies profits in 2020.
I am not saying profits will not be reduced in 2020, but its very likely the World is not coming to an end. People and Businesses delay spending not end it (unless you are unfortunate to die). Interest rates will stay low and Governments will spend slightly more.
His famous phrase is "when others are greedy be fearful, when others are fearful be greedy"
It feels like a fearful period to me in the last 3 days with the markets thinking the coronavirus will significantly reduce most companies profits in 2020.
I am not saying profits will not be reduced in 2020, but its very likely the World is not coming to an end. People and Businesses delay spending not end it (unless you are unfortunate to die). Interest rates will stay low and Governments will spend slightly more.