Don't Be Afraid of Chaos! Warren Buffett Says That's When Smart Investors Win Big

While Wall Street is in turmoil due to fluctuations, billionaire investor Warren Buffett – at the age of 94 – remains calm like a person strolling in the storm. With more than $334 billion USD in cash on hand, Buffett seems to be waiting for the right moment to "buy on the bearish". "Chaos is a gift to someone who doesn't lose his temper." Buffett once said in 1997 that: "The market will always have extreme moments, but that is a great opportunity for those who can keep a cool head." He recalled the 1974 crash when the Dow Jones Industrial Average fell 52%, amid soaring inflation, the oil crisis and the WaterGate.io. But the U.S. hasn't disappeared, and patient investors have reaped fruit. Current Market: S&P 500 Has Fallen More Than 20% Recently, the S&P 500 officially entered a "bear market", while the Dow Jones had two consecutive days of a 1,500 point fall – the first time this has happened since 1896.

However, Buffett still... does not sell. On the contrary, his company – Berkshire Hathaway – is holding the largest amount of cash in history, equivalent to 30% of total assets. Buffett believes that the stock market is a tool to serve investors, not a "fortune teller" that you have to listen to every time it fluctuates. "The more volatile it is, the more mistakes the market makes. And that's when it's time to make more money." Meanwhile, experts are closely monitoring technical factors. Jay Woods, a strategist at Freedom Capital, believes that the market may have already gone through the worst scenario following Trump's tax shock in early April. Next week, more than 120 companies in the S&P 500 will report their earnings, including Alphabet and Tesla. Currently, 72% of the companies have reported earnings that exceeded expectations, bringing hope for a rebound.