Recently I was reminded by one of my most respected CFP® friends of a quote by Warren Buffet regarding investors overreacting during market corrections.  Karl has a “knack” of giving sound, time-tested financial advice in a very crystal clear way his clients and others appreciate.  Hopefully this will shed light on why investment advisors throughout the country encourage clients to avoid getting drawn into market timing and trying to “run for exit the doors” when markets correct.

“The Market is the most efficient mechanism anywhere in the world for transferring wealth from inpatient people to patient people.” – Warren Buffet