Warren Buffett's Top Rule for Dealing With a Stock Market Crash
The Oracle of Omaha views corrections and bear markets through a completely different lens than most investors do.
Overview
The market may not be facing an imminent crash. But waiting until one is underway to figure out how to keep it in perspective means you've waited a little too long. You should have the right mindset in place in advance.
There's no better way to do this than to embrace some of the wisdom regarding stock-market crashes from the man who not only survived several, but also brilliantly used them to his advantage. That's Warren Buffett, formerly the CEO and chief stock picker of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), which has regularly outperformed the broad market since he took the helm all the way back in 1965.
Former Berkshire Hathaway CEO Warren Buffett, the "Oracle of Omaha." Image source: The Motley Fool.
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Source
Originally published at www.fool.com.