Warren Buffett has so many great, plain-language expressions about investing. My favorite is “when the tide goes out, you can see who’s swimming naked.” To me, that is a perfect analogy to what happens in every bear market, and to some extent, every stock market correction. A hedge fund blowup here, a short squeeze there, and before you know it, you’re talking about real money.
Buffett has stepped away from his role as CEO, passing on the reins at Berkshire Hathaway to Greg Abel.
