Warren Buffett lost $44 billion on paper but kept buying stocks and doing buybacks while sitting on $106 billion in cash. The lesson: stay patient, stay prepared, and don't let market swings change how you think.
Here's what you can learn from Warren Buffett's $44 billion lesson. So recently his portfolio tanked by about $44 billion, which shows that he is just like the rest of us. He owns shares in companies such as Coca-Cola, American Express, Apple, and more. But what you should know is that he recently just spent $51 billion buying stocks and spent about $3.2 billion repurchasing shares of Berkshire Hathaway, which is his holding company. And he has $106 billion of cash on hand, which shows that he is ready to go. So what you can learn here is that you can be prepared and you can be patient over a long period of time and not let the fluctuations of short-term market dynamics affect your mindset at all.
