Ignore the Headlines

Except this one. Sure, housing's in a hole. But there's a potent case for buying now, whether it's real estate or stocks

Justin Sullivan / Getty

Finance costs will rise as the economy recovers, so trying to time real estate might not pay off

Correction Appended: February 19, 2008

Famed Money Manager is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more relevant Lynchism today is this gem: Ignore the headlines.

That's no easy thing. How do you tune out all the chatter and ink on recession, housing, subprime woes, the credit crunch, rogue traders, insolvent bond insurers, $100 oil and nukes in Iran? It's enough to make you sit on your thumbs and wait before making any...

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