Warren Buffett in 2017 offered sage advice for when the stock market is falling: “Keep your head.” It comes from Rudyard Kipling’s 1895 poem, “If.” Some investors have warned the U.S. economy is inching toward a correction,

Companies usually pass those cost increases along to buyers, which means tariffs cause inflation. And rising prices could certainly hinder economic growth. In fact, a forecasting model from the Federal Reserve Bank of Atlanta shows U.S. GDP declining at an annualized 2.4% in the first quarter. That would be the first drop in more than four years.

It wasn’t just Apple shares that Buffett-led Berkshire Hathaway sold last year. The company also cut its stake in Bank of America by 34 per cent. Since then, Apple and Bank of America have seen their share prices decline by 15 per cent and 20 per cent respectively,