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04 October 2011

This period may well be looked back on in the next few years as the time when it was possible to but stock at levels not seen in decades. If ever the Buffett mantra "be greedy when everyone is fearful and fearful when everyone is greedy" was applicable it is surely in the period we are in right now. We do not know how long it will last nor how far the markets will fall, but we are in it.

Concentrate on the numbers not on the fears.

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