Earn What You Spend

If you haven’t read it, do it now:

http://www.nytimes.com/2008/10/17/opinion/17buffett.html

Buffett has some excellent points:

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.

…

Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.

Warren Buffett embodies many of the best principals in personal finance.  And this OpEd just shows again why he has been so successful.