According to Warren Buffett, the best way to become rich is to "close the doors. Be fearful when others are greedy. Be greedy when others are fearful". Since dry bulk investors seem to be having a fearful fit of nerves at the moment, maybe it's a good time to start getting greedy. But what exactly does that mean for shipping? Actually this pithy advice bundles up two investment strategies. One is not to let your judgement be swayed by sentiment, especially when the market is at an extreme high or low. The other is to be contrarian. This is good advice for shipping, but it leaves investors with the problem of deciding what constitutes "being greedy".
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