Should You Go Against This Advice From Warren Buffett?
We all love going to experts for advice. And who better to advise us on buying stocks than Warren Buffett? The Oracle of Omaha is known for investing in quality companies that are undervalued and holding them for the long term. He benefits once the stocks rise as the market recognizes their value.
His strategy clearly works. At the helm of Berkshire Hathaway, the billionaire investor has driven a compounded annual gain of nearly 20% over the past 57 years. That's compared to a little less than 10% for the S 500. So it makes sense to generally follow Buffett's advice.
But there was one particular time when Buffett compared investing in stocks to playing with fire, and we could be approaching such a moment right now. Should you go against Buffett's advice in this particular situation and keep buying stocks? Let's find out.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
