web analytics

Daily Archives: October 17, 2008

A Word on Long-Term Optimism

October 17, 2008
By

Just wanted to start with a quick word of optimism about the future of the stock market, and the potential for making money in the months and years to come. I was pleased to attend the Contrary Opinion Forum in Vermont last weekend with Timothy Lutts–Tim’s been going for 22 years straight, while this is my fourth or fifth visit since I came to Cabot back in 1999–and it’s always a treat.  This year the foliage was breathtaking, and the weather couldn’t have been better. In terms of the attendees, as well as the speakers, I would say there...

Read more »

Skate to Where the Puck is Going

October 17, 2008
By

Today, The New York Times featured an editorial by perhaps the most famous investor in the world, billionaire Warren Buffett, chief executive of Berkshire Hathaway. The main thrust of his piece was that while no one can predict the short-term moves of the stock market, in five, 10 or 20 years, it will have recovered from the mess we’re in right now. Buffett pointed to several historical examples of great times to buy, which were primarily when everyone had been scared off. As Buffett wrote, “A simple rule dictates my buying: Be fearful when others are greedy, and be...

Read more »