By Matthew Kerkhoff
Warren Buffet has such a trove of insightful investment quotes, and one of his best came in 2004. In his annual letter to shareholders, he wrote, “And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”
There’s no doubt you’ve heard this quote before, as it’s a guiding light for contrarian investors, but I think it’s worth taking a moment to reflect upon it again. The reason, of course, is because we’re beginning to see greed permeate the markets for the first time in many years.