I work with a business coach through Buffini and Company. The founder, Brian Buffini, immigrated here from Ireland about 25 years ago with less than $100 in his pocket. He then developed a successful career for himself in San Diego, California as a realtor. In the last 12 years, he has grown his business coaching company to be the largest and most successful in North America. I think he knows what he’s doing. He’s been quoted as saying, “the only place that success comes before work is in the dictionary.” He had warned the realtors and lenders under his tutelage about the impending shift in the market several years ago, urging us to be ready. Now he is offering new insights to us, and encouragement. I wanted to share this message from his website.
Lately people have been sending me a lot of emails and notes asking me if I think there’s another Great Depression coming, whether or not real estate will lose another huge portion of its value and where do I think all of this is going to stop.
Well I’ve never shied away from giving my perspective on such matters and I think something we should all note is the attitude of the man who is considered the greatest investor of all time – Warren Buffet. As I mentioned before he has purchased $8B in preferred stock. Even more dramatic is that $5B of it went to a financial company (Goldman Sachs).
Not only is he not running scared, he’s running strong with this market – taking ground and improving his position. We all know there are some tough times ahead, and so does Warren. But he demonstrated his ultimate faith in the economy, in the markets and in the fact that now is the time to gain ground and not pull back.
Well done, Mr. Buffet, you’re a good role model for all of us.
Once again, the message is ….It’s a Buyers Market! Great opportunities! Take advantage of them. The smartest people are!
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