Broker Check
Don't Watch The Markets Too Closely

Don't Watch The Markets Too Closely

February 28, 2023

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.