What Warren Buffett says on market crash ?

We are at the situation where Experience Matters more. In this critical condition what experienced investors thinks about this crash is matters more. Because they have experienced past crashes.

If you read US market, US GDP Is at -5% now it means US gone in recession. But still if you see market, market is still bullish and we are seeing its reflection on Indian stock market also.

If you are working in sharemarket since last 1or 2year or you are in new market then this crash can harm you badly because we have not seen this types of crashes yet. That's why we need their opinion for what to do in this situation. 

This types of situations comes once in 10to12years where your one right step can makes you millionaires/ billionaires& also one wrong step can harm you badly.

When this types of situations comes every retail investors, mutual fund, and fund manager everyone has eye on Warren Buffett to know what he thinks about crash? What he is doing with his cash and etc. Because he has faced more crashes than any other investors. He is 89 years old and he has more than 77years experience in stock market. Warren Buffett's partner and wise chairman of the Berkshire Hathaway  Charlie Munger has gave an interview on last friday.

Charlie munger said 3 most important things in an interview 

1. Well, I would say basically we're like the captain of a ship when the worst typhoon that's ever happened comes. We just want to get through the typhoon, and we'd rather come out of it with a whole lot of liquidity. We're not playing, oh goody, goody, everything's going to hell, let's plunge 100% of the reserves( into buying business).

2. Warren wants to keep Berkshire safe for people who have 90% of their net worth invested in it. We're always going to be on the safe side. That doesn't mean we couldn't do something pretty aggressive or seize some opportunity. But basically we will he fairly conservatives. And we'll emerge on the other side very strong.

3rd and last thing munger has said what everyone wants to know is where Market will make bottom ?

3. I don't have the faintest idea whether the stock market is going to go lower than the old lows or whether it's not. 

From this most experienced person of the sharemarket we get to know that this is not actually real time to buy anything because warren Buffett has $128 billion cash and still he is not aggressively buying anything. And he only want to get out of this crash. So we should also wait and watch. 

STAY HOME, STAY SAFE