Warren Buffett Just Gave an Ominous Warning to the Market. Here's What Investors Should Do.
Is there more bad news on the way?
The market was stunned by Warren Buffett's announcement last Saturday at Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) annual meeting that he would be stepping down by the end of the year. Although he has hinted that this was on the way, investors weren't quite prepared to hear the news that it's actually happening.
But although that was the talk of the markets, there were plenty of other interesting updates at the meeting, including an ominous warning from Buffett to investors. Let's talk about what Buffett said and how to prepare.
At the meeting, Buffett talked about current market turbulence, but he doesn't quite view it as a momentous time. He said it was "really nothing," and "not a huge move."
