Warren Buffett Recession Stock Picks
Filed by: wbsp, under Warren Buffett investment advice | Leave a Comment
In tough economic times, most individuals would prefer to play it safe but recession stock picks are the way to go according to Warren Buffet stock picks strategy. Warren Buffett is the world’s best and most well known investor and this is what he has to say about Berkshire’s investment portfolio.
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
In other words, the recession is the perfect time to buy cheap stocks that are below their fair value.
Critics might argue that the stocks and shares in Berkshire Hathaway itself are losing value in the recession. To that, I would argue that the man is still worth tens of billions of dollars and is consistently in the top 3 of Forbes’ World’s richest list. How can you argue with that kind of success? But what is grating is that so called talking heads still criticize Buffett’s investment strategy as being old fashion and not current with today’s market. To that, I say let’s take a look at their bank account balances. Warren Buffett has survived the tech bubble and he will also prevail against the current credit crunch crisis in which “finance specialists” contrived complex investment vehicles that no one could understand which eventually unraveled into a big mess.
Given Buffett’s stock picks of consistently beating the market through decades, I’d put my hard earned money on him and trust Buffett’s recession stock picks advice.
It is well known that Buffett’s investing portfolio is to buy and hold forever. Warren Buffett is thinking for a long term investment strategy and if you have money to invest in the recession, this is the perfect time to put your money in the stock market! Let’s remember, Buffett survived the tech bubble and he will once again survive the credit crunch and housing bubble. The buy and hold, long term investment strategy is in stark contrast to the greedy fast money thinking that got us into this problem in the first place.
Once again, let’s take a look at what Warren Buffett’s advice on stock picking.
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
So, to sum up Warren Buffett’s advice on investing: buy and hold for long term and go contrary to popular opinion. Buy stocks that are in steep discounts right now because of the recession and watch it pay off in 10 years time. Read and learn advice from Warren Buffett’s recession stock picks.
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