Title: 4 Ways to Recession-Proof Your Portfolio | The Motley Fool
Headings: 4 Ways to Recession-Proof Your Portfolio
4 Ways to Recession-Proof Your Portfolio
Think long-term and own the sort of resilient businesses you'd own even if you knew a recession was coming.
1. Maintain a long-term perspective
2. View stocks as long-term ownership stakes in businesses, not blips on a screen
3. Own resilient businesses trading at reasonable prices
4. Own businesses that offer customers a better value proposition

Content: Maintain a long-term perspective
Many market participants focus too much on short-term stock price fluctuations. They tend to feel good when stock prices increase and become anxious when they fall. This often leads to bad investing decisions. But if you are a long-term investor in good businesses and you are investing money you don't need for another purpose for many years, you can safely ignore these fluctuations and avoid the harmful effects they can have on your psyche. If you are investing to maximize your wealth many years into the future, you should focus on buying high-quality growth stocks at reasonable prices. These are businesses that should be much larger and more profitable many years down the road. A portfolio of companies like this should appreciate nicely over time as long as you paid a reasonable price. 2. View stocks as long-term ownership stakes in businesses, not blips on a screen
The most successful long-term investors, including Warren Buffett and Charlie Munger, view stocks as ownership stakes in businesses, not blips on a screen that jump around. In fact, they think of stocks no differently than they think of their ownership of private businesses.