I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.

Warren Buffett
I will tell you the secret to getting rich on...
I will tell you the secret to getting rich on...
I will tell you the secret to getting rich on...
I will tell you the secret to getting rich on...
About This Quote

The idea that you want to be greedy when others are fearful and fearful when others are greedy is quite contradictory. Really, the idea that you want to be greedy when others are fearful and fearful when others are greedy is counterintuitive. The idea of being greedy when others are fearful is impossible to achieve because fear will make people do all they can to protect themselves. They will sell their stock at any price, not because they really need the money, but because they are afraid of losing it.

If you were to be greedy and try to make a quick buck, your investments would sell out at low prices like a fire sale. Fear will make people take actions that might seem irrational, but in reality they will make perfect sense.

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More Quotes By Warren Buffett
  1. To be successful, look for the job you will take if you don't need a job

  2. If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

  3. You only have to do a very few things right in your life so long as you don't do too many things wrong.

  4. Risk comes from not knowing what you're doing

  5. Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

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