David A. Grogan | CNBCis one of the most respected investors in history, thanks to a track record that's seen him regularly make stellar returns over several decades.
Of course, the 88-year-old billionaire might have been delivering a slightly cheeky response. But more than that, Buffett is basically suggesting that investors should generally be wary of being too reactionary.
Source: News Formal (newsformal.com)
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