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This makes sense if you have huge quantity of cash where leverage is not an issue. With limited cash, you have to think very different from Warren.

That may make sense if you're thinking about short term cash, but for longer term investments it still holds up.

I don't disagree. If you are in it for the long term, there's really nothing to worry about. The market eventually will bounce back. It always does.

Well, so far...

And if it doesn't hopefully you stocked up on toilet paper and purell to trade in the new hellscape economy...

Banking on bottlecaps

And ammo and soap.

Toilet paper!

The market not bouncing back doesn't necessarily imply Armageddon. Just look at the Nikkei.