In 1972, Berkshire borrowed $20 million to buy stocks. In 1973/1974, there were significant paper losses. But Buffett believed in being greedy when others are fearful, firmly buying and holding. Many people in the market know Buffett's famous quote: 'Be fearful when others are greedy.' There are countless examples of this, and he always sells at the peak. However, very few people in the market know about Berkshire borrowing money to buy stocks in 1972, and enduring two years of unrealized losses to achieve explosive returns. This might be the only time Buffett truly: was greedy when others were fearful. The Oracle of Omaha actually has a big heart. This is the real Buffett.