A Long-Term Mindset

“Over the long-term, the stock market news will be good.” –Warren Buffett

10-18-2021

The above quote comes from an op-ed Buffett wrote for the NYT during the depths of the global financial crisis in 2008. In that same article he further pointed out….”In the 20th century, the U.S 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 and the resignation of a disgraced president. Yet, the Dow rose from 66 to 11,497”. Currently, the Dow sits at over 35,000. Pretty resilient stuff.

I think it’s important to share long-term data on the stock market because you can’t be a successful investor without a long-term mindset. This chart helps put things in perspective:

stock-market-chart