3 Critical Lessons from Warren Buffett on Investing in Recessions
Warren Buffett has served as the chairman and CEO of investment firm Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) for 50 years and guided the company to incredible, market-crushing returns along the way. He's seen conditions good and bad and kept a steady hand to post incredible performance through it all. The Oracle of Omaha celebrated his 90th birthday on Aug. 30, entering into his nonagenarian years with the distinction of being one of history's most successful investors.
Counting the recession that the U.S. entered into in April, Buffett has witnessed eight different recessions for the U.S. economy during his tenure as Berkshire's chairman. So who better to turn to for guidance amid the current economic downturn? These three lessons from the famous money man could help investors weather uncertainty and steer their portfolios to big long-term gains.
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