the german Warren Buffets

Buy when everybody sells and sell only if the fundamentals changed. This seems to match what 2 money- and traditionrich austrian/german families are doing now.

While the auto shares plunged 20%-30% in the last 2 months or even more (see MAN for example), 2 auto giants, Volkswagen and Continental, jumped almost 50% because:
- Schaeffler family decided to takeover Continental
- two clans of the Porsche family are having a power fight regarding the cooperation between Porsche and Audi

It looks like they didnt hear that we are heading to recession :)