Warren Buffett Money Quotation saying you must have exactly the opposing approach to others in order to profit from trading stocks. Warren Buffett said:
“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy” — Warren Buffett
Share </> Quote Image
Share the Warren Buffett Money quote image above on your site:
Short Link to this Quote:
Warren Buffett is advising that in order to make money in the stock market, you should go against the crowd. When others are feeling fearful and selling their stocks cheaply out of panic, that is the time to feel greedy and buy those stocks, as they will likely rebound in value once the panic subsides.
And conversely, when others are being greedy and overpaying for stocks in a time of exuberance, that is the time to feel fearful and either sell your stocks or avoid buying more. In other words, you should look to buy low when prices are falling and sell high when prices have risen significantly.