Business
Why I’d listen to Warren Buffett and prepare for a 2021 market crash
Warren Buffett’s success has not been built on an ability to predict when the next market crash will take place. In fact, the Oracle of Omaha has rarely sought to second-guess market movements.
Instead, he seeks to position his portfolio so that it can take advantage of future short-term movements, as well as a likely rise in share prices that has led to high single-digit annual returns for indexes such as the S&P 500 Index (INDEXSP: .INX) and FTSE 100 Index (INDEXFTSE: UKX) over recent decades.
As such, following his lead could be a sound move. By preparing for a range of possible outcomes in 2021, including a market crash, it may be possible to obtain higher long-term returns.
The unpredictability of the stock market
The stock…
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