1 pieces of Warren Buffett advice for dealing with a stock market crash: Inflation raging
Here’s another, suggesting something similar:
“In the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank… In short, bad news is an investor’s best friend.”
“In the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank… In short, bad news is an investor’s best friend.”
Inflation raging, economy in the tank? Sound familiar? Buffett wrote it in a New York Times article back in 2008.
UK inflation hit 18% in 1980, at a time when energy prices were climbing. It was possibly the toughest recession since World War II. But by the end of 1989, Warren Buffett had had one of his best investing decades ever.
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