Buffett Said "This Is Nothing". Is He Waiting For Further Decline?
The recent market turbulence has rattled plenty of investors. Yet Buffett brushed it off in a single line: "This is nothing."
In his own historical frame of reference, Berkshire Hathaway's stock has gone through three separate drawdowns exceeding 50%. Measured against that, the current pullback barely registers.
He said, "We aren't in it to make 5% or 6%."
"If there is a big decline... we will deploy."
Q1: What does Buffett's "big decline" actually mean to you? S&P 500 down another 10%?
Q2: If you were Buffett right now, what would you do?
Q3: What's your current positioning?