From the New York Times entitled “Buy America. I Am”, here are the oracle’s wise words in full!

THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.

Why?

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.

A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.

Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.

Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”

I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.

You know that the old saying “A dollar saved is a dollar made” is so true, especially in today’s incredibly inflated high gasoline prices. You can only start building wealth by first learning how to save (there are those fortunate exceptions, but they are truly the exceptions and we the mass, are not one of them) your money and spend less than you earn. Keep as much of your hard earned dollars in your pocket as possible and give away as little as required only.

Anyhow, we all know about the crazy gasoline prices out there so no need to tell you about gas prices any further. They’re too high, and it hurts. Very plain and simple.

Like most of us, you are TIRED of paying SO MUCH MONEY FOR GAS at the gas pump. You are hoping and wishing that gas prices will drop soon! But that isn’t forthcoming anytime in the near future for many reasons which are well documented and commented out there.

So, lets not live in hope but rather take action now to save on your gasoline by finding out how to use your car more efficiently. There are many practical methods available NOW that will save you money on gasoline. People are looking online today for ways of increasing their mileage per gallon and more! You’d just happened to have found one right here. So don’t wait but take action, check out this practical guide detailing all you’d need to save money now at Ultimate Gas Saver Guide.

Ask yourself: what’s the difference between a rich person and the average person on the street? And more importantly, which one do you really want to be?

Successful people don’t have mysterious talents, they may not be super intelligent or especially gifted. But they have managed to figure out one thing the others haven’t—how to make money.

Making money is not difficult to do. You just have to know how. We just need to know the strategies that successful people use to make money seemingly out of fresh air—so we can use those strategies too.

If you have ever dreamed of becoming seriously rich and never have to worry about money again then take actions now and find out as much as you can so you can turn your dreams into reality.

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