Yes that is all true.
But I don't think Buffet is buying yet as the markets could still have a lot to fall, though in his case that does not matter so much as he can simply hold for five or ten years till they recover.
For those who can not afford or don't want to do this then better to wait until a bottom is in.
Dave R.
read thiis from warren buffet in todays ny t, page-2
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