An often over-quoted saying is "The stock market hates uncertainty." However, the wealthiest investor of all-time has a different perspective about uncertainty:
"The future is never clear. You pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values."
- Warren Buffett
Buffett understands the benefits of long-term compounding and the beauty of buying fear and selling greed. Unfortunately, CNBC and every other media outlet do not carry the words "long-term" in their vernacular. Peddling F.U.D. (fear, uncertainty, doubt) equates to eyeballs and clicks, which equates to more advertising dollars. With the volatility index trading at fear-rich Brexit levels above 20, traders are certainly long on F.U.D. Time will tell whether the elections will increase or decrease F.U.D., but unless there is a contested election a la 2000 (Bush-Gore), there will be one less election to…
