Should “the rest of us” follow Warren Buffet’s investment strategy?

Mr. Buffet moves some money out of stocks when he feels the market is overpriced, and then puts the money back in when there is a downward correction.
Should this re-balancing be something a middle-aged, middle income household should do periodically (no more than once or twice a year) with their mutual fund account(s)?

SAVAGE SAYS:Absolutely.  This is not “trading” or “timing” the market.  It is important to “re-balance” your investments (between aggressive and conservative, or in different market sectors) when fate has rewarded you with big gains in one area, putting your original plan out-of-balance.  That takes discipline — and inevitably means you will be selling in some sectors when they are rising.  Typically, that is a rewarding strategy in hindsight, and a tough discipline in real time!