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October 17, 2008

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Warren Buffet has an op-ed in the NYT today on why he's currently buying American stocks: "Be fearful when others are greedy, and be greedy when others are fearful."

http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&ref=opinion&pagewanted=print&oref=slogin

I can't wait to read this book after I'm done with a couple others I have lined up. Thanks for the quotes though.

Glad to hear you like it FMF. I just picked it up at the library but haven't started reading it yet.

When he did finally buy a home, he named it "Buffett's Folly" because he saw the $31k purchase price as "$1 million compounded over a dozen or so years.

For this to be true, he would have had to increase his $31000 investment at an average of 17% a year with compounding to reach a million dollars in 12 years.

No easy feat that.

When he did finally buy a home, he named it "Buffett's Folly" because he saw the $31k purchase price as "$1 million compounded over a dozen or so years.

For this to be true, he would have had to increase his $31000 investment at an average of 17% a year with compounding to reach a million dollars in 12 years.

No easy feat that.

Sorry about the double post.

Great highlights! Thanks for sharing.

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