GuruFocus – How Warren Buffett Acts in a Flash Crash
Just recently, we saw what is technically defined as a “correction”; the Dow Jones Industrial Average dropped just over 10% between January 26th and February 8th. While it can be nerve racking to watch your stocks slump, times like these present a tremendous opportunity to take advantage of “Mr. Market’s” irrational behaviour. This month’s article quotes Warren Buffet during the 1987 stock crash as he explained how even small investors can prosper during turbulent times. At WDS, we employ a similar mindset, selecting high-quality investments with the tenacity to face off against Mr. Market’s usual tantrums.
In the attention to details series, we lift the lid on what WDS does behind the scenes to invest well by sharing what we are reading. These are pieces that often articulate different aspects of our philosophy and ultimately our process. Check back regularly for a new article that is worth the read.