Warren Buffett's Advice for a Bear Market? Ride the American Tailwind
Billionaire investor Warren Buffett has lived through a few bear markets in his day. The aptly nicknamed "Oracle of Omaha" has experienced 13 market declines greater than 20%. That's if you include the early 1940s downturn and this year's market dip.
In those bear markets, Buffett watched the stock market wipe out billions in wealth, with share prices dropping as much as 56%. And yet, 80 years after he bought his first stock at age 11, he's still in the business of buying companies.
The downturns haven't dampened Buffett's appetite for investing. Why? Buffett hinted at the answer in a 2018 letter to shareholders of Berkshire Hathaway, the conglomerate he runs. He referenced a trend he called the American Tailwind. Read on to find out if the tailwind can keep you as motivated and dedicated as Buffett through today's tough market.
Source Fool.com
