Warren Buffett’s advice can help you stay calm during market drops

The market’s down. Way down. You’re seeing red across the board. Sound familiar? It’s enough to make anyone sweat.

But before you sell everything and run for the hills, take a deep breath. What would Warren Buffett do?

Turns out, the “Oracle of Omaha” has some pretty solid advice for times like these.

Buffett’s Calm in the Chaos

Buffett isn’t one to panic. Remember the 2008 crash? While others were losing their heads, he was shopping for deals.

His secret? Seeing opportunity where others see only disaster.

He famously said, “Be fearful when others are greedy, and greedy when others are fearful. ” Simple, right?

Kipling and Keeping Your Cool

Buffett even quotes Rudyard Kipling’s poem “If” to stay grounded:

If you can keep your head when all about you are losing theirs. ..

It’s about staying rational, even when everyone else is freaking out.

Debt: The Real Enemy

Buffett also warned about debt. He says major market declines “offer extraordinary opportunities to those who are not handicapped by debt. ”

Debt can weigh you down when you need to be nimble. No debt? You can pounce when the time is right.

Your Move

The market’s down. It’s scary. What now?

Take a page from Buffett’s book:

• Keep a cool head.
• Look for opportunities.
• Avoid crippling debt.

Easier said than done? Maybe. But that’s how you win in the long run.