I buy when other people are selling

I buy when other people are selling

J. Paul Getty, the American industrialist and founder of the Getty Oil Company, was known for his shrewd business acumen and investment strategies. One of his famous quotes was, “I buy when other people are selling.” This statement encapsulates Getty’s contrarian approach to investing, which often involved going against the prevailing market sentiment.

Getty’s philosophy of buying when others are selling is rooted in the idea of value investing. He believed that the best time to invest in a stock or asset is when it is undervalued by the market due to temporary factors such as fear, panic, or uncertainty. By taking advantage of these opportunities, Getty was able to acquire assets at a discount and profit from their eventual recovery.

Getty’s contrarian approach to investing also reflects his confidence in his own judgment and ability to identify value where others may not see it. He was not swayed by popular opinion or market trends, but instead relied on his own analysis and research to make informed investment decisions. This independent mindset allowed Getty to capitalize on opportunities that others may have overlooked or dismissed.