Advice from Warren Buffett

This is a short CBS News which was broadcasted last year on the 17th October 2008.



Important key note from Warren Buffet, a role model in value investing principles:
 "Be fearful when others are greedy, be greedy when others are fearful."

In other words, when other people are dumping a good stock at a discounted price, you buy it; when others are buying a good stock at an extremely high price, you sell it and buy it back again when the price drop back to a discounted value, as long as the company's fundamentals or business model still remain good.