Warren Buffett

Warren Buffett (Yes, the Richest Man on this planet) has recently openly saying he has started buying US shares with His Own Money (i.e. not money from his flagship, Berkshire Hathaway) and will buy more, reminding others this is a good time to buy.

A commentator has then checked Warren Buffett's previous records in urging the public to buy shares. The first time Warren did it was in 1974 - the US share market hit the bottom a month after his remarks. And the last time Warren did it was in 1979 - the share market hit the bottom 8 months after his remarks.

Although the Past does NOT necessary dictate the Present or the Future, the above do re-confirm one thing,

There is a Time Gap between "What Should Happen" and "When it Actually Happens".

So, the worst is soon to come - within a month the soonest?
Or eight months from now the latest?

It's interesting to see the result of a survey, asking if people believe in what Warren Buffett said.
65% believe and 35% have doubts - because they believe Warren only says something in His Own Interests.

I'm one of those 35%, I do not take those have a Conflict of Interests Seriously and I therefore do NOT believe this is the Best Time to Buy - the WORST has yet to come.

After all, Warren has recently made a Major Mistake in selling the PetroChina shares too soon - losing at least another 100% rise profit!

Fate
Trust Your Own Instinct