Warren Buffett says “when stocks go down, it's good news.”
Category
🤖
TechTranscript
00:00Stock dropping in price doesn't scare Warren Buffett.
00:03Instead, he says it's good news.
00:05I mean, I love it when the things we buy go down. I get euphoric.
00:09In a 2016 interview with CNBC, the billionaire explained his investing rationale,
00:14even admitting that there's never been a time in his life where he knew what markets were going to do.
00:19But he doesn't think that's important.
00:21Buffett says you can't predict what stock will do in the short run,
00:24but believes American business will do fine over time.
00:27He says the only person that can cause you to get a bad result in stocks is yourself.