[haliskerbas]

Be fearful when others are greedy and greedy when others are fearful. -Warren Buffett [1]

But if he’s the one who is fearful, which one should I be?

[1] https://www.investopedia.com/articles/investing/012116/warre...

[bugglebeetle]

If Buffet is fearful, the people being greedy are so beyond your means and chasing an irrational self-destructiveness that you have zero chance of seeing an upside by being aligned with them.

[dgb23]

That’s not how I interpret this quote.

It’s about looking at the economy, the companies, the prices. Overvalued stock is people being greedy etc.

It’s not about looking at what a specific person does.

Quite the contrary. If some professional with a track record you trust makes a call, it’s something you listen to if you’re an amateur.

[AnimalMuppet]

Unless you know more than he does, probably fearful.

[ignoramous]

> But if he’s the one who is fearful, which one should I be?

As the quote alludes to, depends on what "others" are: greedy or fearful.

[haliskerbas]

Yes but is the advice based on the state of others from the perspective of Buffett, or based on others from the perspective of me?