What Warren Buffett Isn’t Doing
I don’t know Warren Buffett. I didn’t interview him for this article. But I’m pretty sure I know what he isn’t doing to cope with the worst first four trading days in history for the S&P 500 index to begin a calendar year.
Buffett isn’t listening to pundits on TV
The financial media loves market crashes. They create fear and anxiety, which in turn increases their ratings. Ratings mean more revenue. The securities industry is a major source of advertising revenue for the financial media. And it has an economic self-interest in the dissemination of “advice” that causes investors to panic and dump stocks. More trading means more commissions.
Read the rest of the article at The Huffington Post.
