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Buffett Says

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When Warren Buffett speaks, it would do investors well to heed his advice. In his annual letter to Berkshire Hathaway shareholders, he offers this advice: Be un-American.

By this he means that the way to great returns is to go against the trends while investing in index funds. If Wall Street is fearful, be greedy. If Wall Street is being gready, be fearful.

Buffett also warns against over-trading. Too much activity depletes returns. There’s more information on Warren Buffett’s advice at Yahoo Finance.

Updated July 14, 2010 and originally published March 13, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .