If the Market Crashes, I'll Be Glad I Own This Stock
The market's rally over the past 11 months or so has simply been remarkable. Since bottoming in late March after the COVID-19 pandemic wreaked havoc on the U.S. economy, the S&P 500 has risen by 75%. The tech-heavy Nasdaq has done even better, with the Nasdaq Composite index more than doubling since the lows.
This performance has left many investors worried that the market might be a little overheated, and we could be due for a correction or crash. But I'm not. While we could certainly see a decline in the market, long-term investors should welcome declines as opportunities to buy excellent businesses at a discount. With stocks like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) forming the backbone of my portfolio, I have absolutely no worries about the long-term direction of my net worth.
Image source: Getty Images.
Source Fool.com
