“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett
Buffett is widely considered the most successful investor of the 20th century, and the Berkshire Hathaway CEO is known for nuggets of wisdom like this one. Letting fear drive your investment decisions may seem counterintuitive, but what he’s really saying is to pay attention to the market, and be skeptical about what the crowd is doing.