Singapore’s Straits Times Index is falling off a cliff.
The bellwether of Singapore-listed stocks is already in the bear market region, after plummeting around 24% since its 2020 peak to 2,500 at the time of writing.
Things could get worse before they get better.
Amid all the doom-and-gloom, here are three quotes from Warren Buffett to help us during the stock market meltdown.
Focus on the Long-TermDuring the depths of the Great Financial Crisis back in October 2008, Warren Buffett explained the need to look at the long term in an op-ed for The New York Times entitled, Buy American. I Am. (emphasis is mine):
“Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic;
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