Buffett said "This is nothing" on recent market selloff is supposedly relative comparison to previous big crashes like that in 2008. It is wise not to go all in and be prepared for further decline.
Buffett Said "This Is Nothing". Is He Waiting For Further Decline?
The recent market turbulence has rattled plenty of investors. Yet Buffett brushed it off in a single line: "This is nothing."
In his own historical frame of reference, Berkshire Hathaway's stock has gone through three separate drawdowns exceeding 50%. Measured against that, the current pullback barely registers.
He said, "We aren't in it to make 5% or 6%."
"If there is a big decline... we will deploy."
Q1: What does Buffett's "big decline" actually mean to you? S&P 500 down another 10%?
Q2: If you were Buffett right now, what would you do?
Q3: What's your current positioning?
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