During periods of market turbulence, I take comfort in one of my favorite Warren Buffett quotes:
“Don’t watch the market closely.”
The Oracle of Omaha gave this sage advice in 2016, when Brexit, China’s economic issues, and the Federal Reserve’s interest rate policy roiled markets.
Now here we are in July 2022 and facing turbulent markets again, thanks to inflation, global growth, and uncertainties over the Fed’s interest rate policy.
Buffett’s words remind us that pullbacks, corrections, and bear markets are an expected part of the investing process. Please reach out if you have any concerns, but in the meantime, take a break from watching too closely. That’s why we’re here.
Wise Words from Warren Buffett
July 27, 2022