As Matthew Richey said of the best investment advice he ever received, ""Be greedy when others are fearful, and be very fearful when others are greedy." Buffett's golden rule on investor sentiment is core to my approach."It is a tragedy what has happened in Japan. I have a friend who lives there with his family and the devastation is dramatic from his descriptios. For investors, there is often opportunity in tragedy. Last year, the BP Oil spill was a terrible tragedy. BP Oil stockholders suffered large losses, as did others investors. I read a Motley Fool article, "8 Stock Ideas Straight From the Oil Patch" and I bought one of their recommendations, RIG, at about 48 late last summer. Recently, it was about 84. So, a 75% return in 9 months.Now, we have a tragedy in Japan. What are our investment opportunities? Many large companies have seen a drop in stock prices. For example, Hitachi (HIT) fell about 16% in one day. What about the other Japanese large caps? Are there any bargains there? How long will it take for them to recover and begin operations again? What about the nuclear energy industry? Those stocks are down, too. Have they been oversold? Which ones are most undervalued? How long will it take them to recover?What about the reconstruction effort in Japan? Which companies stand to benefit the most from the reconstruction? Will South Korea benefit from the reconstruction of Japan?How about it Global Gains team? How can we benefit from this?
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