Old Warren Buffett Post, very true today The stock market dropped sharply Monday, following comments from President Donald Trump that the U.S. will increase tariffs on goods imported from China. But although Berkshire Hathaway CEO Warren Buffett says that an escalation of the U.S.-China trade dispute “would be bad for the whole world,” he doesn’t plan to change his investing practices based on the news. No matter what happens, “we will buy the same stocks today that we were buying last week,” he told CNBC’s Becky Quick during an interview Monday on “Squawk Box.”
“The cheaper they get, the more I buy,” Buffett said. “I’m not buying them because I think they’re going to go up the next day or the next week. We watch the prices of things we do more than current events.”
That’s because Buffett prefers to invest in companies that he believes will hold their value for the long term. “In the end, we aren’t buying them because of what’s going to happen next month or next quarter,” he explains. “We’re really buying them because we think they’ll be good business 10 years down.”
Regardless of the tariff situation, “if somebody came to us with a good business today, we’d buy it,” Buffett says.
We watch the prices of things we do........Today its OXY