If you ask legendary investor Warren Buffett how today’s news will impact the stock market — whether it’s the coronavirus outbreak or the tariff situation — he’s probably not worried. (via CNBCMakeIt)
If you ask legendary investor Warren Buffett how today's news will impact the stock market — whether it's the coronavirus outbreak or the tariff situation — he's probably not worried.
That's because Buffett doesn't let headlines affect his investment choices. Instead, he's looking long term: "The real question is where are these businesses going to be five and 10 and 20 years from now?" he told Becky Quick on CNBC's "Squawk Box" on Monday. "Some of them will do sensationally, some will disappear."
With that in mind, Buffett doesn't even try to guess how current events will play out in the market. "I don't think I can make money by predicting what's going to go on next week or next month," he said. "I do think I can make money by predicting what will go on in the next 10 years." When Buffett invests in a company, he doesn't plan to sell it anytime soon. He purchased See's Candies with longtime business partner Charlie Munger in 1972 and spentWhile Buffett admits that the stock market is
and that a number of his companies are affected by events like coronavirus and Trump's trade war, he added that "business is down but it's down from a very good level.", Buffett has said. Stay the course and trust your original plan. If you have a long-term investment strategy, you have plenty of time for your portfolio to recover from any dips.
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