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What's that old saying?

Be greedy when others are fearful, or something like that?

Do bear in mind the context of that Buffett quote is to not blindly chase market sentiment and the numbers, neither directly nor inversely; Berkshire Hathaway's got quite the pile of cash right now.

Never heard that one, but my off the cuff thought was "sounds like something a so-far-lucky gambling addict would say".

I have a feeling Warren Buffet would accept that label, with a chuckle and a smirk!

But I also think Buffet wouldn't characterize the current environment as particularly fearful. We haven't seen a whole lot of panic aside from a couple 1-2% daily swings, which is nothing.

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