Anthropic's IPO Could Arrive in September. This Warren Buffett Advice From 1996 Shows What to Do Next.
A long-term holding plan can help investors stay strong during gut-wrenching pullbacks.
Overview
After Space Exploration Technologies (NASDAQ: SPCX) went public in June, the next big initial public offering (IPO) was expected to be from the artificial intelligence (AI) start-up Anthropic. According to a report from The Wall Street Journal, Anthropic executives are meeting with potential investors to bolster confidence in the IPO, which could arrive in September or early October. Valued at $965 billion based on its final private funding round, it's poised to rival the SpaceX IPO for attention.
But some investors are also likely to repeat the mistakes made when SpaceX went public, including investing in hype and hoping for a quick payday. Following one piece of advice Warren Buffett shared in 1996, however, can help minimize regrets in investing.
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Originally published at www.fool.com.