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?
