Worlds one of the top rich person Waren Buffet.Here he given his one vauable idea.Do you agree with it ?
The world's most successful investor once said that the secret of becoming rich was to be greedy when others are fearful and very fearful when others are greedy.
Warren Buffett has never been much of a real estate investor but his appreciation of the mentality of the investment crowd is probably the best of the best. So should the herd of investors now converging on Arabia be very fearful rather than greedy?
That large numbers of greedy investors are now present in the region is beyond doubt. The stock markets show 50-100% plus growth this year. Real estate projects have become so big that project launches in the UAE last week exceeded $20 billion. Money is just piling into more and more optimistic projects.
On Warren Buffett's logic this is the time to stay out of the market rather than become sucked into the maelstrom of greed, and a time to be very fearful of making commitments.
Thank you.
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