if you wait for the robins, spring will be over,''
But he didn't say what he was buying which reaffirms two things: if you like his strategy buy his company or 2) buy what his mentor, Benjamin Graham, teaches in the Intelligent Investor.
Ultimately, what Graham taught and Buffet followed is that you buy companies that have products that are fundamental to our society and buy them at a discount, ie. when no one wants them.
The SP500 and DJIA are good indicators of the best companies at beaten down prices.
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