"You should be unconcerned about short-term price..." - Quote by Warren Buffett
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
More by Warren Buffett
“I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.”
“It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.”
“It's never paid to bet against America. We come through things, but its not always a smooth ride.”