ProverbChallenge
American origin1986
American origin1986Be fearful when others are greedy
Meaning: Excessive optimism in markets creates dangerous bubbles; prudent investors withdraw when irrational exuberance peaks.
Who said it? Warren Buffett, letter to Berkshire Hathaway shareholders, 1986
Origin: From the investor Warren Buffett, who wrote in his 1986 letter to Berkshire Hathaway shareholders: "we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." He repeated it in a 2008 New York Times opinion piece, at the depth of the financial crisis.
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