Warren Buffett Says Doing Nothing Beats Doing Something. History Says He's Right.
Imagine it’s Jan. 1, 2008, and you’ve just put your savings into the SPDR S&P 500 ETF Trust (SPY -1.77%). The financial crisis hasn’t fully turned into a disaster, but the signs are building. Subprime mortgage funds are imploding, and Bear Stearns will fail altogether in about two months.