{"id":3801,"date":"2008-10-19T03:58:00","date_gmt":"2008-10-19T03:58:00","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=3801"},"modified":"2025-09-30T00:45:29","modified_gmt":"2025-09-30T00:45:29","slug":"warren-buffet-the-sage-of-omaha-and-second-richest-man-in-america-opines-on-the-stock-market","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=3801","title":{"rendered":"Warren Buffett, the &#8220;Sage of Omaha&#8221; and second richest man in America, opines on the stock market."},"content":{"rendered":"<p>Warren Buffet is a famed value investor, and he&#39;s been doing it successfully for five decades.<\/p>\n<p>Below is his oped in the NY Times from a few days ago.<\/p>\n<p>By the way, the richest man in America is Bill Gates.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2008\/10\/17\/opinion\/17buffett.html?_r=1&amp;th&amp;emc=th&amp;oref=slogin\"><font color=\"#800080\"><strong>Op-Ed Contributor &#8211; Buy American. I Am. &#8211; NYTimes.com<\/strong><\/font><\/a><\/p>\n<blockquote dir=\"ltr\" style=\"MARGIN-RIGHT: 0px\">\n<p>Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky\u2019s advice: \u201cI skate to where the puck is going to be, not to where it has been.\u201d<\/p>\n<p>I don\u2019t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I\u2019ll follow the lead of a restaurant that opened in an empty bank building and then advertised: \u201cPut your mouth where your money was.\u201d Today my money and my mouth both say equities. <\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffet is a famed value investor, and he&#39;s been doing it successfully for five decades. Below is his oped in the NY Times from a few days ago. By the way, the richest man in America is Bill Gates. Op-Ed Contributor &#8211; Buy American. I Am. &#8211; NYTimes.com Equities will almost certainly outperform cash [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3801","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/3801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3801"}],"version-history":[{"count":1,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/3801\/revisions"}],"predecessor-version":[{"id":9219,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/3801\/revisions\/9219"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}