Now's the Time for Opportunistic Greed

3/29 - "...volatility also provides opportunities. The market's giving you the chance to buy stocks for prices substantially lower than a year ago. The question is: Do you have the courage to buy the best opportunities when they are available?"

"It's tremendously difficult to act when everyone's claiming the sky is falling. People may believe that the most lucrative time to buy is at the peak of negativity, but only a small minority have the courage to actually go through with it.

Warren Buffett is one of those people: His huge purchase of American Express (NYSE: AXP) at the height of the Salad Oil Crisis is legendary. His ability to make excellent decisions during volatile times is one of the reasons he recently became the world's richest person.

It's hard to be as levelheaded as Buffett, but there are things you can do to make your attempt easier. "