Get Rich Over Time By Following Warren Buffett’s Lead

When one of my relatives was in their 30s, they read a book on weight loss that said if you want to get “skinny”, then do what “skinny people” do.

At the time, I was very skinny. So they followed me around for a month and ate when I ate, at the amount that I ate and stopped eating when I stopped eating.

Guess what? They started losing weight because they started picking up the habits of a “skinny person”.

Well, investing in the financial markets is much the same. Want to get rich over time? Follow what the rich do. After all, they have proven, undeniable track records.

There are three guys that I follow a lot because they’ve all produced massive sums of wealth for their investors over the last 20-30 years. They are: Jim Rogers, Dennis Gartman and Warren Buffett.

Guys like Warren Buffett are Buying up Stocks like a Madman once again!

I’ve noticed that these guys are starting to buy up stocks once again. After all, Buffett’s great advice is to “get greedy when others are fearful and get fearful when others are greedy.

Well, there’s no more “fearful time” than now. The “gloom and doomers” out there are talking about another Great Depression, etc. The “gold bugs” are out there saying that all currencies are going to zero and that the only currency left will be gold.

When you start to hear these things, you’d better start to look at stocks once again. You see, when no one else wants to buy stocks, that’s when they present the greatest value. However, when everyone is buying stocks, that’s the time to reconsider new purchases and typically just to hold onto what you’ve got so far.

Last October, Warren Buffett announced that he is buying stocks again for his personal portfolio and would probably be buying up shares for his company (Berkshire Hathaway) shortly too if stock prices remains suppressed for a bit longer.

Well, that’s just what has happened. You know things have been driven way too far to the downside when you see stocks like General Electric (GE) that now have an 8.88% dividend yield and a P/E of 6!

Exact Bottom in Stocks? Who knows…Time to buy stocks at these low valuations? YES!

Is this the “exact” bottoming point? No one knows for sure. However, what savvy investors know is that there will be a better tomorrow and corporations will expand once again and so will their earnings. This will not be 5 to 10 years away like many think. It will come much sooner.

Therefore, the “smart money” is starting to accumulate stocks, oil and foreign currencies once again. Why? Because they are all at suppressed levels and “no one” wants them. That’s why.

This is how the institutional investor gets their edge over the retail investor. They buy when everyone else thinks that you’re crazy for doing so. Therefore, they get stocks at greater values.

Later on, when everyone realizes that the economy is fine then and that corporations are expanding once again, all of the greatest values are already out of the stock prices by then.

The retail investor is eternally late to the ball game and therefore will never realize the gains that the institutions do. However, this does not have to be you!

My readers are getting educated and are starting to think like the institutions so they can get the results that the institutions do. Just like my relative that wanted to lose weight…they started to imitate and think and act like the “skinny person”….you now have to imitate and think and act like the institutional investor and you will find yourself with “institutional like” gains over the long haul.

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