🚨WARREN BUFFETT ON WHAT TO DO WHEN YOUR STOCKS DROP 50%
On a day like today, this is worth hearing again.
"You're not going to pick the bottom, and nobody else can pick it for you. You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it."
He pointed out that Berkshire Hathaway $BRK.B itself has dropped 50% three different times. "There wasn't anything wrong with Berkshire when those three times occurred."
The people who get hurt, he said, are the ones who borrowed to buy, or who react every time the price moves.
"If you can't handle it psychologically, then you really shouldn't own stocks, because you're going to buy and sell them at the wrong time."
"I don't know whether today is a great day to buy stocks. I know it will work out over 20 or 30 years."
$BTC $BRKB $XAU #BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts #SouthKoreaDelaysCryptoTaxationUntil2029 #ECBTargetsDigitalEuroIssuanceIn2029 #USStocksSlipandCryptoMarketUnderBroadPressure
On a day like today, this is worth hearing again.
"You're not going to pick the bottom, and nobody else can pick it for you. You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it."
He pointed out that Berkshire Hathaway $BRK.B itself has dropped 50% three different times. "There wasn't anything wrong with Berkshire when those three times occurred."
The people who get hurt, he said, are the ones who borrowed to buy, or who react every time the price moves.
"If you can't handle it psychologically, then you really shouldn't own stocks, because you're going to buy and sell them at the wrong time."
"I don't know whether today is a great day to buy stocks. I know it will work out over 20 or 30 years."
$BTC $BRKB $XAU #BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts #SouthKoreaDelaysCryptoTaxationUntil2029 #ECBTargetsDigitalEuroIssuanceIn2029 #USStocksSlipandCryptoMarketUnderBroadPressure
