{"id":5078,"date":"2008-10-17T17:27:19","date_gmt":"2008-10-18T00:27:19","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=5078"},"modified":"2008-10-17T17:27:19","modified_gmt":"2008-10-18T00:27:19","slug":"greed-is-good-how-the-rich-get-rich","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5078\/greed-is-good-how-the-rich-get-rich\/","title":{"rendered":"Greed is Good: How the Rich Get Rich"},"content":{"rendered":"

I think Gordon Gecko was on to something, greed is good. In fact, the combination of greed and fear are even better, or at least they are telltale signs, it seems – for when to enter or exit the market.<\/p>\n

Amidst the financial turmoil, Charlie Rose recently interviewed Warren Buffett regarding his thoughts regarding the financial crisis we’re facing as well as to discuss his $3 Billion investment in GE.<\/p>\n

A Conversation with Warren Buffet courtesy of Charlie Rose<\/a><\/p>\n

I happen to like Warren Buffett a great deal. He’s smart yet humble. Sometimes it is difficult to believe that this folksy cornhusker is a billionaire. When Warren pulls the trigger on an investment – and they are generally not small in size – people stand up and take notice. Clearly, you don’t become the wealthiest American by shooting from the hip.<\/p>\n

Headlines today indicated that Warren is telling everyone to buy US stocks. Perhaps you’ve heard his quote – I’ll paraphrase:<\/p>\n

When people get greedy he gets fearful, when people get fearful, he gets greedy.<\/em><\/p>\n

I was left with a certain level of confidence despite the current financial and housing crisis – Warren is investing – again, not alittle – but alot. He’s not waiting on the sidelines, he’s investing now. Our stock and housing markets are ripe with opportunity. <\/p>\n

Granted we’re all not blessed with billions – but interestingly enough, those who do have the resources should be investing – not in the future – but now. There is and will continue to be turmoil, however, as Warren stated, it is best to be approximately right rather than precisely wrong. <\/p>\n

My take and my advice to my investor clients as well as those who are holding out for “the deal of a lifetime”. I think we’re approximately<\/em> there.<\/p>\n

Could prices fall further? Yep, I think they might – but would you rather buy with an approximate risk or some further loss or miss the opportunity all together?<\/p>\n

Perhaps this is the most simple example of exactly how the rich get rich. When the majority sit Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I think Gordon Gecko was on to something, greed is good. In fact, the combination of greed and fear are even better, or at least they are telltale signs, it seems – for when to enter or exit the market. Amidst the financial turmoil, Charlie Rose recently interviewed Warren Buffett regarding his thoughts regarding the […]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,8,5,10],"tags":[532,252],"class_list":{"0":"post-5078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-investment","8":"category-real-estate","9":"category-realty-reality","10":"tag-real-estate","11":"tag-warren-buffett","13":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":15125,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15125\/warren-buffetts-secretary-an-open-letter\/","url_meta":{"origin":5078,"position":0},"title":"Warren Buffett’s Secretary – An Open Letter","author":"Sean Purcell","date":"September 19, 2011","format":false,"excerpt":"I feel compelled to answer the question that has thrust you, Ms. Warren Buffett's Secretary, into the hot spotlight of public scrutiny and in so doing, I hope to stop this before you become, like Farrah Fawcett before you, the poster child of prurient interest.","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":781,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/781\/investors-version-of-grandpas-coffee-can-diversification\/","url_meta":{"origin":5078,"position":1},"title":"Investor’s Version Of Grandpa’s Coffee Can — Diversification","author":"Jeff Brown","date":"December 19, 2006","format":false,"excerpt":"For the first time I'd like to post, almost simultaneously, (simulpost?) on a subject which has facinated me for years. My purpose is merely to introduce the subject. A meatier post will follow. Investors have been told by Wall Street to diversify since the street signs were put up on\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2324,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2324\/sharks-eating-sharks-its-1974-all-over-again\/","url_meta":{"origin":5078,"position":2},"title":"Sharks Eating Sharks: It’s 1974, All Over Again","author":"Brian Brady","date":"December 5, 2007","format":false,"excerpt":"\"You suck!\" \"Well, you're a big fathead !\" I like to watch the stock market opening on Bloomberg Television. The cable company lets me have Bloomberg, free, until 8AM so I can get my fix while I lay cocooned in bed. A few weeks ago, Goldman Sachs, the premier investment\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3217,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3217\/every-day-is-a-good-day-to-invest-in-phoenix-real-estate\/","url_meta":{"origin":5078,"position":3},"title":"Every Day Is A Good Day To Invest In Phoenix Real Estate","author":"Brian Brady","date":"June 7, 2008","format":false,"excerpt":"Every day is a great day to buy a single family home, even in Phoenix. That ought to rile up the analytical types here. Of course, that same principle applies to the stock market, as well. I started my career as a \"Financial Consultant\" but was mentored by some fellas\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15040,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15040\/some-black-real-estate-humor-for-friday-we-have-to-destroy-the-village-to-save-it-no-save-it-first-then-destroy-it\/","url_meta":{"origin":5078,"position":4},"title":"Some black real estate humor for Friday: We have to destroy the village to save it? No, save it first, then destroy it.","author":"Greg Swann","date":"September 2, 2011","format":false,"excerpt":"A couple of real estate headlines from the you-have-to-laugh section of the news-nets: From the New York Times, when a bank is too big to fail, you have to rescue it so you can sue it later. Missing, for some reason, from the list of parties to be sued: Barney\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17268,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17268\/overnight-news-when-your-boss-promises-race-based-hiring-does-that-create-a-hostile-work-environment\/","url_meta":{"origin":5078,"position":5},"title":"Overnight News: When your boss promises race-based hiring, does that create a hostile work\u00a0environment?","author":"Greg Swann","date":"October 8, 2020","format":false,"excerpt":"America's corporate blowhards may soon discover the price of performative racism. None so deserving \u2013 and no error more obvious. Housing Wire: As home prices increase, sellers have the upper hand. CTRL-F 'riot'; not found. 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