Although crashes are inevitable, they're the perfect time to buy great businesses at a discount.
News of a new coronavirus variant in South Africa sent stock markets reeling on Friday, with the S&P 500 falling 2% through 12:22 p.m. ET and the Dow tumbling 2.5%. Visa shares are currently down 2.7%, and Mastercard is down 4.7%.
Buffett is taking profits off the table. It might be time to do the opposite.