One of my favorite Warren Buffett quotes is, “Remember that the stock market is a manic depressive.” What he’s suggesting is that stock prices can sometimes swing wildly from day to day in response to even minor news. One moment stocks can celebrate comments from a Fed official, and hours later, they can vilify the most inane data points. Buffett concludes it’s more important to keep an eye on your future and ignore short-term market movement. |
You may have also heard of Sir John Templeton, the legendary mutual fund manager who pioneered international investing. He intentionally read The Wall Street Journal a few days late to avoid emotional decision-making based on a headline. So take a lesson from two of the best. Avoid riding Wall Street’s daily roller-coaster so we can focus on what’s ahead. Have questions? We have answers. If you would like to speak with us about your investment strategy or the amount of risk your portfolio is exposed to, please feel free to call or simply send me an email. I would be happy to speak with you and provide our thoughts. Send us an email at avalente@rwbaird.com or call me at 214-373-2925. Antonio |
Don't Watch The Markets Too Closely
