The Oracle's Advice

Warren Buffett, the most successful investor alive, has given the same advice for decades: "Be fearful when others are greedy, and greedy when others are fearful." When everyone is panicking and selling, prices are low and opportunities are everywhere. When everyone is euphoric and piling in, prices are inflated and risk is highest. The hard part is not understanding this — it is actually doing it. Your brain is wired to follow the crowd, and successful investing means overriding that instinct.