πππThe new Fed Chair Kevin Warsh shocked the market by hinting at imminent rate hikes, sending a wave of panic that smashed US tech valuations and forced a brutal repricing of expensive AI stocks.
Warren Buffett's classic value investing rule - "Be greedy when others are fearful" - can be highly effective.
I would look for high quality cash generating businesses that are being dragged down indiscriminately by overall market panic.
2 prime examples of US blue chips that fit the definition of a fortress value asset are $Apple(AAPL)$ and $Alphabet(GOOG)$ .
Both companies possess massive piles of cash together with dominant business moats that generate unstoppable free cash flow.
Warren Buffett also said that :
"Dark clouds will fill the economic skies and they will briefly rain gold. When downpours of that sort occur, it is imperative that we rush outdoors carrying buckets, not thimbles".
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