Warren Buffet lost US$4 Billion on 24 Aug 2015.
Do you think he is panicking? Do you think he is looking to sell his stocks?
If not, why do retail investors, who had much smaller losses, often worry that the end of the world is coming?
Didn’t retail investors knew that stock market crashes had happened and would happen? If they have went in with open eyes and preparation, they should expect market down turns and be able to deal with the bad times.
Warren Buffett, among many other legendary investors, do not sell their stocks in fear. They hold and ride through market ups and downs, making decisions not because of stock price movements, but the underlying business fundamentals. They get rewarded in the long run by achieving an investment returns that are superior than what most investors can achieve.
So, do not scare yourself. Maybe thinking about Warren …