Y'day Warren Buffet admitted that he did some dumb things in investing in year 2008.
Warren Buffets's letter
Glad to hear that I was not the only one to have lost money. At least I gained my senses in 2008 and did not invest last year. And if the guru of investing admits that he made some mistakes, what are we ....
Well I found that most of the people , when I say most it is 95% of people I know have lost their investment in some form or other. Either through real estate bad investments, stocks, mutual funds, 401k or lost the job.
This economic turmoil had its impact on most of us in one way or the other. It is not the time to sit back and think .."Oh I wish I had not taken that stock " or "i wish I had bought that house little late".
It is time ot realize that we should not follow the crowd and let greed overcome the senses.
Relax, re skill your selves and let us prepare for another boom which may start may be 2 year, 3 years from now .
Cheers!!!
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