Warren Buffett is buying Equities!

Here's what the greatest investor of all time is currently doing (Today's Sunday Times):

Billionaire Warren Buffett, the greatest investor of our age, today gave free advice to people worried about the economy: buy stocks. Not only is he adding equities to his personal account but they are -- get this -- American stocks. In this day and age when people are diversifying their holdings between the mattress and a safe buried in their backyard, this is a shocking view.Writing in today's New York Times, the Oracle of Omaha, pointed out quite accurately that stocks are a good long-term investment and that people who are hording cash have reason to worry since the policies of the next president will probably prove inflationary and accelerate declines in the real value of cash accounts. Equities will outperform cash over the next decade, according to Buffett, the head of Berskhire Hathaway Inc. (NYSE:BRK.A)"Today people who hold cash equivalents feel comfortable," he said. "They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."He pointed out that he was getting greedy in a fearful market. That's sensible, practical advice and investors are listening to it -- at least for now. Buffett is not offering easy answers or quick fixes. He does not try to call a "bottom" in the market. In fact, the investor explains that he has "no idea" what the market will do in the short-term. Neither does any one else, and that's the problem