Value starts to emerge on local market
Time to look: When everybody is fearful, perhaps it is time to start looking at that favourite stock you had always wanted to own. — AP
ONE of the famous phrases of Warren Buffett to investors is that they be fearful when others are greedy and greedy when others are fearful.
Typical of the investment guru who thrives on value investing, the statement actually is a tip to investors who do not know when to buy and sell stocks.
When people are fearful, they tend to sell their stocks and the price comes down. The reverse happens when people are greedy. They tend to chase after stocks until the prices typically boil over.
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