Buffett: 'The Lower Things Go, the More I Buy'

Stocks are gyrating, and Buffett dancing right along to the music.

For us mere mortals, this summer's stock market meltdown has a grinding, Groundhog Day feel to it, as in: 'Oh no, not again..." But for Buffett it's invigorating. Today he's his usual chipper self, saying he's "never been better." And why not? As Buffett reminds me, "The lower things go, the more I buy. We are in the business of buying," [both securities and, if he can find them, big companies.] (And no, he won't tell me what he's picking up on the cheap.) Buffett always makes his job sound so easy, but of course it isn't. All you need is a multi-billion dollar war chest, nerves of titanium, and a brilliant, analytical mind. Not a very big group there.

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