sharonpedrosa
Recognized member
This man is.
Buffett knows that from 5 to 8 years, there's a crash in the United States. In addition to that, he knows that the market will not take so long to recover. It is not speculation, but it is American history. “Looking at prices is not investing,” he once said. It is quite complicated but I'll explain it the way I understood it.
Buffett knows that from 5 to 8 years, there's a crash in the United States. In addition to that, he knows that the market will not take so long to recover. It is not speculation, but it is American history. “Looking at prices is not investing,” he once said. It is quite complicated but I'll explain it the way I understood it.
- Over the last three decades, Buffett buy more stocks in a year crash than a normal year.
- Buffett looks at the company, its competitors, its management team, its product, its stock price, and its history.
- He tries to buy $1 for 60 cents.
- If he found the right company but with an overvalued stock price, he'll wait for a crash.
- In addition, when the market crashes, you can't just throw your money at any stock expecting the stock to go up. Many companies can't recover.
- That's why Buffett spends years learning about a stock.
- He said, I made some mistakes in the past, but I never lost a lot of money.
- Why? Because he always does number 3.