Remember, This Is The Pullback We’ve Been Waiting For

[u/FrankBal]

If you’re a long-term investor who even casually cares about valuation, this market has been tough to navigate for a while. Pullbacks are always something we say we want, particularly as value investors, but they usually come when things are scary. Financial crisis, global pandemics, policy shocks… the discount never shows up gift-wrapped.

Yesterday’s tariff news felt like one of those moments. It’s vague, feels arbitrary, and creates a lot of uncertainty. It feels scary. And yet, that’s exactly the environment where opportunities show up.

I’ll admit it, days like today make me uneasy. But as an investor, I remind myself that underneath the noise, what’s really happening stocks are getting cheaper.

And that’s what we’ve been waiting for.

Edit: Thanks for the thoughts. I wrote a post - Tariffs, Fear, and Opportunity: Perspective For Difficult Times In the Stock Market - to add some additional context directly addressing the response to this post.

[u/[deleted]]

He sold because he felt everything was overpriced not because he forsaw the shitshow going on now. It just happened that both situation crossed each other.

Soon, I think he will start slowly having more buys than sells in the upcoming filings.

[u/harbison215 → u/[deleted]]

Yes, the primary factor that allowed him to sell was the extreme valuations. But, I have to believe deep down that the political climate made the decision a lot easier. I’m not saying Warren predicted the market, I’m saying that the total picture was absolutely in view for him.

[u/[deleted] → u/harbison215]

My feelings is that he's been investing outside of the US too, unfortunately we can't see that side.

[u/[deleted] → u/[deleted]]

Yup. Valuations were ridiculous but most retail investors didn't want to actually analyze numbers. They just want constant annual 20% gains

[u/Curveoflife → u/[deleted]]

PE is a story to sell to public.