"So smile when you read a headline..." - Quote by Warren Buffett
So smile when you read a headline that says "Investors lose as market falls." Edit it in your mind to "Disinvestors lose as market falls-but investors gain." Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: "Every putt makes someone happy.")
More by Warren Buffett
“I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
“Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.”
More on Investing
“An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.”
“Do not take yearly results too seriously. Instead, focus on four or five-year averages.”
“Growth and value investing are joined at the hip.”
More on Stock Market
“The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.”
“Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.”
“The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.”