Although Warren Buffett can’t predict the future, he almost certainly wasn’t surprised by the Nasdaq Composite (^IXIC -0.18%) falling into correction territory. In fact, based on the investment decisions he and his team have been making at Berkshire Hathaway (BRK.A -0.03%) (BRK.B -0.17%), it seems likely that he was rather expecting something like this to happen at some point. But the real takeaway for investors from the correction and from Buffett is much bigger than just a few months of stock performance. Here’s why.
What does Warren Buffett do?
Warren Buffett has never publicly explained the nitty-gritty details of his investment approach. But it’s something along the lines of buying good companies when they are attractively priced and then holding them for the long term. The goal is to benefit from the growth of the underlying businesses over time. Some of his most iconic investments are household…
