Warren Buffett on the investing strategy 'you can learn in the fourth grade,' but is 'not taught in schools.' (via CNBCMakeIt)
Warren Buffett holding box of See's Candies at the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska.Warren Buffett has a trick for getting his money's worth out of the stock market, and he says it's a skill "you can learn in the fourth grade" — even though it's "not taught in schools."
Buffett said that he, longtime business partner Charlie Munger and other Berkshire Hathaway executives have long used this strategy because it has a higher chance of return, and it alleviates some of the pressure of trying to predict the stock market. If the value of a stock dips after you buy it, Buffett noted, that means its shares have become less expensive — so buy more of them.
Using this strategy to navigate the stock market instead of trying to predict it, Buffett said, is almost like having an insurance policy in an often volatile market. Twice, he said, he'd tried to predict the market ahead of time — once in 2008 during the Great Recession, and again in March 2020 ahead of the Covid-19 pandemic crippling global markets."We were optimistic in 2008 when everybody was down on stocks," Buffett noted.
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