Here's how Warren Buffett decides whether or not to sell a stock when he gets bad news via CNBCMakeIt
Even when press turns negative or the markets drop, Warren Buffett doesn't dump his holdings in a company."The stock market is not there to instruct me, it's there to serve me," Buffett told CNBC's Becky Quick during an interview on"Squawk Box" on Monday.
It's possible to recover from a setback. The key thing, Buffett says, is"you gotta make sure that it's still a fundamentally good business." And although Buffett controls investments worth billions of dollars, nearly anyone can copy his tactics. Focus on the variables that you do have at your disposal. Once you've narrowed down your information,"then you decide whether you have information of sufficient value that — compared to price and all that — will cause you to act," Buffett explains.
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