However Buffett's decline doesn't mean the world is ending. It means the market is rotating, repricing and reminding everyone that even legends bleed red sometimes.
S&P500 down 10%? That is not a collapse. It is a sentiment flush. Some investors maybe panicking but it is a great time to go bargain hunting.
If I was Buffett, I wouldn't be doom scrolling, panic selling NVIDIA. I would be doing what Buffett always does:
Sitting on cash until the market gives me a fat bargain.
Buying wonderful companies at fair price.
Ignoring the noise.
Warren Buffett doesn't chase dips. He waits for discounts.
If Buffett isn't panicking, why should I?
One thing for sure, he never loses his discipline, his patience or his humour. Neither should I.
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