Investors Should Consider This Warren Buffett Advice in 2023
When stock prices are falling, the temptation is to think that they'll only continue to go lower. It's just as irrational as when investors think that stock prices can only go up, as many investors felt in early 2021. But fears of a worsening stock market and economy are a big reason why many quality stocks are struggling, or aren't trading at better valuations.
Billionaire investor Warren Buffett doesn't concern himself with outlooks and forecasts as he is confident that valuations will rise in the long term. Over the years, he has offered some valuable advice that can help guide investors' actions at a challenging time like this one.
A big danger for investors is trying to time the market, or predicting when a stock has reached a bottom before buying in. The reality is that you won't know a stock has hit a bottom until after it has recovered. The greater risk is waiting too long and seeing the stock rally, and then potentially become too expensive to buy.
Source Fool.com
