How to Survive a Recession - Warren Buffett

By FinFlicker

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!

More details are given in swipe-up!