Advise from Warren Buffet for Difficult Times

6/26 - "...there is ample current proof in the securities markets that we are living in interesting times. It’s simply nasty out there — or at least it feels that way...Commodities are up, REITs are up but rolling over, and everything else (stocks and bonds) is down."

"That made us think about advice from Warren Buffet for difficult times. Here are some of his comments that may be relevant as investors watch wilting portfolios:"

'Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics is equally unpredictable, both as to duration and degree. Therefore we never try to anticipate the arrival or departure of either. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Investors should remember that excitement and expe...