Stock Market Frenzy: Here's Why This Warren Buffett Quote Is More Important Than Ever
The stock market has always had its fair share of extra volatile periods. Sometimes, it works in investors' favor because it allows them to grab great stocks at a discount. Other times, these wild swings can cause poor decision-making that sets investors back.Since President Donald Trump announced his new tariff plan on April 2 (and its subsequent changes), the stock market has been experiencing a bit of both. From April 2 to April 8, all major indexes dropped significantly, and in a turn of events, all three rose sharply in one of the largest one-day gains the stock market has experienced on April 9.When there's a lot of uncertainty in the market and economy, investors like to turn to Warren Buffett for guidance. His words and actions have stood the test of time and offered ways for investors to navigate difficult periods. And given the current situation, one piece of advice from Buffett comes to mind: You really shouldn't own stocks if you're not prepared to see them drop 50%.Continue reading
The stock market has always had its fair share of extra volatile periods. Sometimes, it works in investors' favor because it allows them to grab great stocks at a discount. Other times, these wild swings can cause poor decision-making that sets investors back.
Since President Donald Trump announced his new tariff plan on April 2 (and its subsequent changes), the stock market has been experiencing a bit of both. From April 2 to April 8, all major indexes dropped significantly, and in a turn of events, all three rose sharply in one of the largest one-day gains the stock market has experienced on April 9.
When there's a lot of uncertainty in the market and economy, investors like to turn to Warren Buffett for guidance. His words and actions have stood the test of time and offered ways for investors to navigate difficult periods. And given the current situation, one piece of advice from Buffett comes to mind: You really shouldn't own stocks if you're not prepared to see them drop 50%.
