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Warren Buffett is one of the greatest investors of all time and his words are closely followed by investors. ... Be fearful when others are greedy, and be greedy when others are fearful ...
From the famous words of one of the most esteemed investors in history, Warren Buffett, to be a successful investor, "simply attempt to be fearful when others are greedy and to be greedy only when ...
Greed and fear are among the animal spirits that Keynes identified as profoundly affecting economies and markets. Warren Buffett found an investing rule in acting contrary to such prevailing moods, advising that the timing of buying or selling stocks should be "fearful when others are greedy and greedy only when others are fearful."
The initial motivation for (or purpose of) greed and actions associated with it may be the promotion of personal or family survival. It may at the same time be an intent to deny or obstruct competitors from potential means (for basic survival and comfort) or future opportunities; therefore being insidious or tyrannical and having a negative connotation.
Selfishness is being concerned excessively or exclusively for oneself or one's own advantage, pleasure, or welfare, regardless of others. [1] [2] Selfishness is the opposite of altruism or selflessness; and has also been contrasted (as by C. S. Lewis) with self-centeredness. [3]
Buffett, who is generally regarded as one of the greatest investors of all time, is known for saying, "Be fearful when others are greedy, and greedy when others are fearful." Right now, he clearly ...
C. S. Lewis writes in Mere Christianity that pride is the "anti-God" state, the position in which the ego and the self are directly opposed to God: "Unchastity, anger, greed, drunkenness and all that, are mere fleabites in comparison: it was through Pride that Lucifer became wicked: Pride leads to every other vice: it is the complete anti-God ...