stronger faith and Buffett
Alex Crippen, an executive producer at CNBC, proposed an interesting topic on the faith and doubts in Warren Buffett. Basically, after Bershire class A shares traded over 51 percent below 2007 all-time high and S&P dropped 8 percent after he called for buying America, people start to worry about the end of the Oracle of Omaha.
Faith says that just as we know that winter won't last forever, we also know that stocks will eventually bloom again, too. Buy now while the nights are long and the storm rages, even if it is a "perfect" storm.
Doubt replies that this tim
e, it's different. The financial markets don't move as reliably as the Sun and the Earth. Spring looks like it will be very, very late this time around. Things could get worse, and they will never be as good as they were.
The behavior of us doesn't change over hundreds of years. We like to doubt the truth when we read bad numbers and like to worship/follow the cheaters as long as they showed us beautiful results. The truth won't swing, what is swinging is our hearts. I don't lose faith to him at this time, in fact, it gets stronger. If you care Buffett, no matter hatred or love, Please go to Alex's post to leave your comments about your faith or doubts.
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