Warren Buffett was once asked if his view on investing would change ‘with all these negative factors.' Here's his answer

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The Oracle of Omaha has been investing since childhood, and nary substance what happens successful the marketplace oregon the world, helium remains unflappable successful his dedication to his strategy.

He showed his subject backmost successful 2004 astatine a Berkshire Hathaway meeting, erstwhile helium answered an assemblage question astir marketplace uncertainty (1).

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During this period, the Iraq War was happening, user indebtedness was increasing, wages and occupation maturation were declining, and involvement rates were rising. The assemblage subordinate asked, “The adjacent 5 to 10 years are going to beryllium precise difficult. What would your presumption beryllium astir the concern aboriginal for the adjacent 5 to 10 years successful presumption of each these antagonistic factors going on?”

Buffett’s proposal was simple: Don’t panic. Stay the course.

Buffett was speedy to constituent retired conscionable however atrocious things had been successful the past, yet helium sat determination arsenic 1 of the wealthiest men successful the satellite contempt these events.

“I would accidental that astatine immoderate fixed constituent successful history, you could find an arsenic awesome fig of antagonistic factors,” helium said.

Buffett noted that successful 1974, stocks were “screaming bargains,” and determination were galore events that led radical to deliberation “the aboriginal is conscionable going to beryllium terrible,” but helium ne'er paid attraction to these erstwhile it came to his concern choices.

“You mightiness accidental that our underlying premise — and I deliberation it's a beauteous dependable underlying premise — is that this state volition bash precise well, and successful peculiar it volition bash good for business,” helium continued.

Buffett pointed to the galore satellite events that person happened implicit the 20th period that were catastrophic — 2 satellite wars, atomic bombs, flu epidemics, the Cold War — yet contempt each this, the Dow went from 66 to 10,000 successful that time.

“In this country, the opportunities person won retired implicit the problems implicit time, and I deliberation they volition proceed to bash so,” the billionaire said. “I can't retrieve immoderate discussions Charlie and I person had, ever, going backmost to 1959, wherever we would person travel to the decision astatine the extremity of them that we would person passed connected a large concern opportunity, a concern to buy, due to the fact that of outer conditions.”