No qualifying author-owned investment thesis was confirmed in this post.
joke
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During calamitous times, the wise sage of Omaha would occasionally appear and utter soothing words to calm the people, the markets would stop roiling and the Feds would sigh a relief.
However I think he is enjoying his retirement at the moment. And probably has a “Do not disturb” sign on his front door.
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So here is a poorly constructed Ai-Sage for ya, and he says to choose any of the three appropriate response for what is happening in the market:
1. Quit whining. If yall had just followed my advice and invested in the SPX you would still be positive ytd. ( when dividends are added).
https://www.slickcharts.com/sp500/returns/details
2. Quit whining. If ya had bought American industrials instead of tech AI stuff, or ex-USA stocks you would be up ytd 12.58%. Don’t bet against industrial USA.
https://www.spglobal.com/spdji/en/indices/equity/sp-500-industrials-sector/
3. Quit whining. You can argue that if you're not willing to react with equanimity to a market price decline of 50% two or three times a century, you're not fit to be a common shareholder, and you deserve the mediocre result you're going to get.
https://www.investopedia.com/buffett-and-munger-s-strategy-to-shield-your-portfolio-from-a-50-market-drop-11892212
/s <—— S für Schmetterling nicht Butter-Fliege!
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