Article: Cost of caution.(Brief Article)

Think that through before you vow to avoid stocks from now on except when it appears safe and sensible to be in the market. That kind of resolve leads you to a lifetime position in certificates of deposit -- which keep you safe from bear markets but are almost certain to shortchange you in the long run if growth of your savings is your most important objective.

In this year's annual letter to shareholders, Buffett offers the sobering thought that bargains are still scarce ...

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