Warren Buffett: Distressed Assets a Great Investment

Warren Buffett says that distressed assets are a great investment in an interview with Charlie Rose. He talks about Mortgage-Backed Securities, the government bailout. He says if you buy distressed assets at distressed prices, you will make money. He also mentions his confidence in the US economy over time, and closes with his classic quote: "You want to be greedy when others are fearful, you want to be fearful when others are greedy."

Category:

News & Politics

Tags:

• distressed_assets
• warren_buffett
• investing
• investment
• mortgages
• bailout

[investingwisely]

He's great! He didn't become the richest man in the world by being wrong about his investments, I'll tell you that much.

I think he's right too. People talk about what trouble the economy is in, but you don't hear as much about how this is the time when incredible fortunes are going to be made because so many investments are undervalued. If you believe in value- getting more for your buck- then you'd better believe in the bargains that are out there now!

"Be greedy when others are fearful..."

[untoldtruthteam]

The Oracle of Omaha is my homeboy.

[globalfinanceschool]

@jesseeker88 Great points! I agree with you!

[MalibuLimo]

Pretty sure he got in on silver real early, but then got out early. Silver is set to be the biggest investment ever. Wonder if he still has it?

[49fiori]

The more I look at Klarman, Tepper, Paulson, Soros and all others the more I love Buffett and Munger.

[jesseeker88]

Our economy is known for the ups and downs. Investors right now are buying distressed assets for pennies on the dollar. When people are fearful its great indicator for you to buy. I loved how Buffet talks about spending vs investing its a good lesson for people who aren't involved in the investment world yet. Thank you Warren

[bernardmailman]

you wanna be greedy when others are fearful, and you wanna be fearful when others are greedy. it's that simple.

now that's the secret to creating wealth!

[anthonyinsc]

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