These are the words of the world's greatest investor, Warren Buffet.
He wrote an editorial on the NewYork Times on October 17 2008 basically saying that he is seeing tremendous value in great companies whose stocks are battered badly and he is converting his personal portfolio into stocks. Previously, his personal portfolios comprise only government bonds. He is greedy now when others are fearful.
His view is that in the short term, no one can predict the direction the market will head, but in the long term, we will look back to today and marvel at the value that is available.
This is afterall Buffetology... the man who can afford to lose but kept winning.
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