Lisa and Michael » advice

Snake Oil

michael — Wed, 12 Aug 2009 02:45:09 +0000

Apparently, Jim Cramer can’t decide whether a ‘$’ or ‘%’ would be more appropriate. Be careful either way…

Now, how to keep him from spamming me…

Be Greedy When Others Are Fearful

michael — Fri, 17 Oct 2008 15:46:33 +0000

Warren Buffett channels my post from exactly one month ago in his New York Times opinion piece today. To put it simply, Buffett says that now is the time to buy American stock, to invest in the market. He goes on to explain his rationale in his usual concise and clear language:

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

So follow the Oracle of Omaha‘s lead, and keep investing, especially now. Lisa and I haven’t slowed down, we are taking advantage of this unique situation as much as we possibly can.

Screamer…

lisa — Mon, 05 Nov 2007 17:24:12 +0000

The one and only time I have ever witnessed Michael scream in public was when we were purchasing our new Jeep a few months ago. That scream, as surprising as it was, saved us so much money! When Shari requested that Michael come help with the purchase of her first new car this past weekend it was a request that took Michael away from football for one whole day. However, the results were positive for both Shari and Michael. After abruptly leaving one dealership to go to another and a little advice on the side from Michael, Shari got a great deal and actually saved money. We both even got a thank you out of her… Just one more example of how the girls have learned to trust Michael and his money saving advice.