From Yahoo Finance: 2025-05-03 11:31:00

The S&P 500 is down 3% this year, reaching a 19% low from its record high. Warren Buffett dismissed recent market volatility as insignificant at the Berkshire Hathaway annual meeting. Berkshire’s stock is up 19% YTD, closing at a record high on Friday. Trump’s tariff plans have impacted market performance.

Market rally this week suggests relief from worst-case scenarios post-Trump’s tariff announcements. Buffett advises against emotional reactions to stock market fluctuations. He emphasizes adapting to the world, not expecting it to adapt to you. Market volatility is a normal part of investing.

Buffett warns against getting excited or afraid based on market conditions. He stresses the importance of having a consistent investment philosophy. Adapting to changing circumstances is crucial for successful investing. Buffett’s insights offer valuable lessons for investors in today’s uncertain market environment.

Read more: This year’s stock market turmoil ‘is really nothing’