Warren Buffet Wishes he was 21 Again - Me, too.

By
Real Estate Agent with Berkshire Hathaway HomeServices Abbott Realtors

Warren Buffet tells CNBC's Becky Quick --- " I wish I was 21 again! because the opportunity to make money is NOW. Yes, the  economy is 'gummed up' currently but once the stimulas takes hold and the bank's are sured up --- people will make money. The opportunity is now. "

As I listen to his commentary in a televised interview with Rebecca Quick  he answers questions sent in by viewers, I will try to capture some key points that will have a direct impact on buying and selling stocks and ultimately will help bolster consumer confidence.

He tells Becky, "Swift action was necessary last September because we were going over Niagra Falls. The government  did do and continues to do the right thing. It is understandable that the general public does not understand and we need better communications to re-assure them --- but very smart people are paying very close attention to the situation. I can understand their fear, however, there is no immediate solution. The solutions will come and results will be seen but it is not an overnight fix.

That said, we need the banking system. It is not us and them --- we are all interconnected. Once the banking system continues to be stablized and that is underway now the people who have done the right thing may have to help those who did not do the right thing ( isn't that the American way?) --- stability will return to the market. Confidence will return. The power of the United States means everything will be all right. We have the greatest economic machine in history.  AND, the right people --- which by the way --- are very smart & articulate are in place to do everything that needs to be done. " ( referring to the President and the current administration.)

I am telling you once more, that I wish I was in my twenties instead of the seventies because --- there is money to be made at this time. "

He seems so down to earth yet so knowledgable. He is frank and to the point when he emphasized that just because corporations are having trouble does not mean that they are bad companies or bad investments. You have to recognize and trust good investment opportunities. The same is true for real estate. Last year we were on the edge but now it has past and there are very good opportunites that will not be here --- ever again.

Dig deeper than the scary headlines --- because they are designed to be sound bites, like shock and awe. Read and arm yourself with information. Ask your investment advisor before you jump in willy nilly into the market and if you are considering real estate use your realtor for advice and council --- each person is different and so is your investment scenario and tolerance.

And, I wish I was in my 20's armed with the knowledge and experience that I have now. My wish list is way different today than when I was in my twenties ( now it is family, health, security and I would not change that for anything), however,  I agree with Mr. Buffet --- I wish I was in my twenties again.

 

http://www.cnbc.com/id/29592831

 

Comments (2)

Tom Giansante
The Title Company of Jersey - Wildwood, NJ

I too wish that Warren was 21 again!

Mar 10, 2009 03:51 PM
Pamela STETSON
Berkshire Hathaway HomeServices Abbott Realtors - Mahwah, NJ
I would love to help you buy or sell your home!

HHhaahahaha! I do love to watch him and I also love to see his impact on local companies --- he owns a few here in nearby Montvale, NJ. Thanks for reading.

Mar 13, 2009 05:24 AM