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What Would Warren Buffett Do?

The brilliant investor Warren Buffett now seems to have taken center stage in America as the one financial expert people trust.  In fact, in many ways I suspect Buffett will be one of the saviours of our current economic crisis, either as investor, advisor, or perhaps as a part of the Obama cabinet (he is supporting Obama for President).  Accordingly, people are curious about how the notoriously conservative investor is approaching the current economic situation.  Perhaps not suprisingly, Buffett sees opportunity in the stock market crash.  Of course, unlike most of us he had the foresight not to get caught in the downturn (he was invested in treasuries), so he is picking up bargains with his money intact and a lot of upside.  And I doubt Warren has an adjustable rate mortgage on his mansion.  Still, he is a smart man to follow.  Buffett publicly expressed his opinions this week in an op-ed in The New York Times.  His approach is interesting –  http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&scp=2&sq=warren%20buffet&st=cse&oref=slogin

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