Buffett's Wisdom: The Key to Stock Ownership Happiness, Even with Markets Closed
Key Takeways
Buffett has a simple test for every stock he buys: Would he be happy owning it if the market were to close for 10 years? If the answer is no, he doesn’t buy it.
This philosophy explains why he built a $344 billion cash stockpile while other investors have chased perhaps overvalued stocks as the stock market has risen in 2025.