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Readers: 57 | Updated: 10-03

Warren Buffett Quote: As Usual He Is Right

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buffett_ge_nc.jpgAs Warren Buffett does his second bailout in as many weeks (this time of General Electric), I’m reminded of a Buffett quote I brought you last year.

How about this for eerily predictive?

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

If we are heading toward a second depression, maybe being greedy isn’t such a bad thing.  What do you think?

Photo: Newscom.com

Tags: General Electric, Second Depression?, Warren Buffett

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