As Warren Buffett does his second bailout in as many weeks (this time of General Electric), I’m reminded of a Buffett quote I brought you last year.

How about this for eerily predictive?

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

If we are heading toward a second depression, maybe being greedy isn’t such a bad thing.  What do you think?

Photo: Newscom.com

Tags: General Electric, Second Depression?, Warren Buffett

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This entry was posted on Friday, October 3rd, 2008 at 8:54 pm and is filed under Your Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.