OK, so the market is in a bad mood this morning. But if everything is tanking just because some hedge fund imploded — couldn’t have happened to a nicer bunch of guys, by the way — that is no reason to panic. On the contrary; “forced selling” usually means buying opportunity.
However, if the credit crunch is worsening and threatening the real economy, well, that is a reason to worry.
Hard to tell one from the other where I am sitting. So my best idea is to buy more Berkshire Hathaway…
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