Warren Buffett's Op-Ed in the NY Times

October 20, 2:07 PMBaltimore Financial ExaminerTom Taylor, CPA/PFS

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It's good to see the most successful long-term stock market investor ever, saying it's time to buy stocks.  What fantastic insight...there are two paragraphs among the many salient points that are striking and a reminder not to jump off the ship despite everyone telling you it's sinking.

From the op-ed article...

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.

Tom Taylor is a Financial Planner and Certified Public Accountant and can be contacted here. He is a member of NAPFA and the MACPA.