Financial expert Dave Ramsey has echoed Warren Buffett's timeless advice: you only lose money on investments if you sell during a downturn.
Ramsey recalled how Buffett responded during the 2008 global financial crisis when asked how he lost a significant amount of money during the stock market crash. Buffett explained that he didn't actually lose anything because he hadn't sold his investments. Although his portfolio declined in value, he believed they would recover — because losses are only realised when assets are sold at a lower price.
