As you probably know, yesterday was a negative data on European markets. As a result, the global markets went down. It’s worthy to note that 20 richest people of the world lost about 12 billion. Just in one day… Greece question is still active and the general situation of this country is far from the clear decision.
But if you think that those people are in depression now, then you’re wrong. Warren Buffett , who is one of the richest people of the world, has no reason to worry. These words said to Bloomberg his chief investment strategist Jeffrey Sault on the question to comment the current market situation.
Practically the same moods are in the staffs of other “big” players of markets. However, The Standard & Poor’s 500 index posted its worst drop of the year, sliding 1.5 percent as U.S. stocks declined for the third straight day. Europe’s economy shrank 0.3 percent last quarter, the EU’s statistics office said, and the central bank’s balance sheet surged to a record 3.02 trillion Euros last week amid crisis-fighting efforts.
One thing is clear. Rich people always take in account all possible scenarios, which can happen in the markets, even if they can lose such huge amount of funds. They continue their investments despite the fact that the most people in the world think that now is a dangerous situation to enter any market.
In addition, big marketers always have reserves which always check by their managers for such cases. They also understand that today is not tomorrow and they can return everything and maybe more when the situation in the world markets will become profitable again.