Why I’d follow this piece of Warren Buffett advice today
Warren Buffett has a long track record of generating high returns. One of the key tenets of his investment strategy is having a long-term focus when holding stocks in his portfolio.
This allows his holdings to deliver on their growth potential. It also means that he does not become overly excited following periods of impressive capital returns.
This approach may be especially useful in today’s stock market environment. The recent rally makes it easier to become overly confident in the prospects for equity markets, which may lead to poor decision-making.
Warren Buffett’s long-term focus
Many of Warren Buffett’s major portfolio holdings have…