Trump Tarifs crash Stock markets - Buffett knows what to do

We probably all have heard this famous Quote at some point from Warren Buffett. Today is one of these days imo to remember it!

Trump declared a huge list of tarifs lst night against almost every major economy: China, India, Eurpean Union, Switzerland, South Korea, you name it. This will establish bigger barriers for world trade and certainly make things more expensive, both for companies and consumers. Effects on prices and profit margins will follow.

In consequence stock markets worldwide are selling off, we see big losses today almost everywhere. The S&P and even more the Nasdaq is correcting. FUD everywhere. People are selling, selling, selling.

But this is from an anticyclical point of view a time to do the opposite if you are a longterm imvestor. You get everything at a discount. Be gready when others are fearful. It sounds easy but on days like today it feels hard for many. It seems like theres only bad news and things are getting even worse from here.

I am using today to add some more to my longterm positions like Apple and Nike. Also Alphabet has become even cheaper than I stated here last week.