Stay calm when the markets are volatile
Warren Buffett advised people amid violent market fluctuations in 2016 to not watch the markets that closely. Invest in good companies, have stellar management, and solid fundamentals for a long period of time, he said, and do not go by speculation or temporary market trends.
Bridgewater Associates’ founder Ray Dalio, whose net worth is $15 billion, agrees with Buffett. During an address at the Harvard Kennedy School, he said that you should sell when you are confident, and you should buy when you are scared. Both Dalio and Buffett say that the right way to invest successfully is not to anticipate daily market fluctuations and keep a level head despite them.
