Warren Buffett’s tips for surviving a stock market crash

Warren Buffett says “when stocks go down, it's good news.”

Transcript

00:00Stock dropping in price doesn't scare Warren Buffett.

00:03Instead, he says it's good news.

00:05I mean, I love it when the things we buy go down. I get euphoric.

00:09In a 2016 interview with CNBC, the billionaire explained his investing rationale,

00:14even admitting that there's never been a time in his life where he knew what markets were going to do.

00:19But he doesn't think that's important.

00:21Buffett says you can't predict what stock will do in the short run,

00:24but believes American business will do fine over time.

00:27He says the only person that can cause you to get a bad result in stocks is yourself.