Why Did Warren Buffet Sell His Second Home In California?
You know, deleveraging by its nature takes a lot of time, a lot of pain. And the consequences kind of roll through in different ways. Now, I dont invest a dime based on macro forecasts, so I dont think people should sell stocks because of that. I also dont think they should buy stocks because of that. Buffett talks about not timing the market based on macroeconomics, but he did time the housing market perfectly.
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