“The financial world is a mess, both in the United States and abroad,” says Warren Buffett . “In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary,” he said.
So what is the richest man in the world doing? “I’ve been buying American stocks,” said Buffett. “Why? A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”