Warren Buffett Wrote "Buy American. I Am." 18 Years Ago This Week. Should You Still Follow His Advice?

On October 16, 2008, during the financial crisis, Warren Buffett published an op-ed urging investors to buy American stocks. An investor who followed this advice and invested $10,000 in an S&P 500 ETF on October 17, 2008, would have seen it grow to approximately $115,600 by now, despite the investment dropping to $7,400 at its lowest point five months later. The article highlights that Buffett's key insight was not timing the market bottom, but rather maintaining conviction and staying invested through market downturns.