MarketPR
Warren Buffett told investors to disregard economic forecasts, stating that such predictions reveal nothing about the future.
The billionaire investor, who purchased his first stock at age 11 during World War II, maintains that the overall outlook for the economy is irrelevant to his investment decisions.
He and his former partner, the late Charlie Munger, never approved a deal because they expected the economy to perform well in the next year or two, nor did they reject a deal due to market panic.
Buffett's approach centers on the specific actions of individual companies and whether their stocks represent good buys.
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