A Motley Fool column says Warren Buffett’s 1990 Berkshire letter treated stock-market declines as chances to buy quality companies at lower prices. It says all 26 U.S. bear markets over roughly 150 years eventually recovered and set new highs, though recovery can take years.
The column says Buffett reiterated the view in Berkshire’s 1997 shareholder letter, urging investors to “rejoice when markets decline.” The author recommends continuing to invest, reinvesting distributions and buying more as prices fall, and says a downturn may be less concerning for those with at least 10 years before they need the money.
