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Warren Buffett Warns 'Don't Watch The Market Closely' — Urges Not To Obsessively Check Stock Prices If You Want 'Very Good Results' [Yahoo! Finance]
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US:NASDAQ Investor Relations: investor.apple.com
Chairman and CEO Warren Buffett . His guidance to investors is straightforward: “Don't watch the market closely,” reflecting a belief in long-term growth instead of reacting to short-term market fluctuations. Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Buffett's advice is important for people focused on retirement savings. He challenges the common tactic of market timing — frequently buying low and selling high — as not necessarily yielding the best results. In a 2016 CNBC interview, he elaborated on the pitfalls of reactive trading. “If they're trying to buy and sell stocks, and worry when they go down a little bit — and think they should maybe sell them when they go up, they're not going to have very good results," he said. Emphasizing his investment philosophy, Buffett shared an analogy about investing in local businesses.
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