It is advised to keep a cash reserve for any type of emergencies. This can help to survive the downturn without having to sell investments at a loss.
Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful."
Whose balance sheet is strong and can face economic recession. These companies typically have a low debt-to-equity ratio and generate consistent cash flow.
According to Buffett, Be patient and stay invested during a recession and not panic.
Don't try to predict the market.
Buffett believes in investing in companies with strong long-term growth prospects.
Remember that a recession doesn't last forever.
After every dark night there is a morning!