Don't Watch the Markets Too Closely

Daniel Thornton March 20th, 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 the 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.

Read More By Daniel Thornton

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. Investment advisory services are offered through Concord Wealth Partners, an SEC Registered Investment Advisor.

Join The Conversation

Contact Us

Give us 15 minutes to listen to your situation, then we will connect you with an advisor ready to help you reach your financial goals.

This field is for validation purposes and should be left unchanged.