Opportunity Once Dust Has Settled; Matthew Field from Citi Quilter Investment Management Espouses the Virtues of the Maxim "Be Fearful When Others Are Greedy, and Be Greedy When Others Are Fearful"

The Birmingham Post (England), December 3, 2008 | Go to article overview

Opportunity Once Dust Has Settled; Matthew Field from Citi Quilter Investment Management Espouses the Virtues of the Maxim "Be Fearful When Others Are Greedy, and Be Greedy When Others Are Fearful"


Byline: Matthew Field

Recent falls in the market have been widely compared to the Great Depression of 1929, which saw equity markets fall dramatically, characterized by the stampede of panicked investors running for the exit door.

There are many reasons why investors should seek to liquidate their assets - the global banking system is currently in chaos, credit markets are frozen, house prices continue to fall and the global economy is slowing dramatically. Yet despite these headwinds and the air of capitulation, I believe that once the dust has settled there will be a "once in a lifetime" opportunity to buy high quality companies at rock bottom prices.

Warren Buffett's quote "be fearful when others are greedy, and be greedy when others are fearful", is one that stays with you and is sure to be referenced for years to come. It is also a quote that rings true for many long-term investors. Volatility should be thought of as our friend - an opportunity to take advantage at the forced sellers' expense.

Recent sharp falls in global markets have left stocks on lowly valuations (as shown in chart 1 Price/Earnings ratio) at levels last seen in the 1970s.

For the first time since 2003, equities (excluding financials) have yielded more than 10 year gilts. This has traditionally been a strong buy signal for equity investors.

Corporate profitability has also roughly doubled since early 2003 which means companies have more cash and are in better shape going into this period of economic weakness. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Opportunity Once Dust Has Settled; Matthew Field from Citi Quilter Investment Management Espouses the Virtues of the Maxim "Be Fearful When Others Are Greedy, and Be Greedy When Others Are Fearful"
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.