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<blockquote data-quote="Flynn" data-source="post: 1161144" data-attributes="member: 537">Advice from Warren Buffet:1. Keep buying stocksWhen the market is tumbling, buying more stocks is perhaps the last thing on many investors' minds. But according to Warren Buffett, it's a smart way to generate long-term wealth.&quot;Today, people who hold cash equivalents feel comfortable. They shouldn't,&quot; he wrote in a 2008 New York Times article aimed to help ease investors' fears amid the Great Recession. &quot;Equities will almost certainly outperform cash over the next decade, probably by a substantial degree.&quot;2. Be greedy when others are fearful&quot;A simple rule dictates my buying,&quot; Buffett wrote in the Times article. &quot;Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors.&quot;The silver lining of market downturns and recessions is that you can invest in solid stocks while they're essentially on sale. By reframing your thinking, it can make investing a little less daunting.The S&amp;P 500 itself has fallen by close to 17% since mid-February, with many stocks slipping far more than that. Rather than seeing that as a negative, though, think of it simply as getting a 17% discount. The more the market slips, the more money you can save when investing for the future.3. Be a &quot;business picker&quot;If you're continuing to invest at a discount while stock prices are lower, investing in the right places is critical. When the entire market is tumbling, though, it can be tough to tell which stocks are most likely to pull through.This is where examining a company's underlying fundamentals is key. Rather than looking just at a business' stock performance, check for things like a strong competitive advantage in its industry and a competent leadership team with a history of guiding the company through tough times.According to Buffett, this is his and former business partner Charlie Munger's go-to strategy for building wealth in the stock market.</blockquote>

[QUOTE="Flynn, post: 1161144, member: 537"] Advice from Warren Buffet: 1. Keep buying stocks When the market is tumbling, buying more stocks is perhaps the last thing on many investors' minds. But according to Warren Buffett, it's a smart way to generate long-term wealth. "Today, people who hold cash equivalents feel comfortable. They shouldn't," he wrote in a 2008 New York Times article aimed to help ease investors' fears amid the Great Recession. "Equities will almost certainly outperform cash over the next decade, probably by a substantial degree." 2. Be greedy when others are fearful "A simple rule dictates my buying," Buffett wrote in the Times article. "Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors." The silver lining of market downturns and recessions is that you can invest in solid stocks while they're essentially on sale. By reframing your thinking, it can make investing a little less daunting. The S&P 500 itself has fallen by close to 17% since mid-February, with many stocks slipping far more than that. Rather than seeing that as a negative, though, think of it simply as getting a 17% discount. The more the market slips, the more money you can save when investing for the future. 3. Be a "business picker" If you're continuing to invest at a discount while stock prices are lower, investing in the right places is critical. When the entire market is tumbling, though, it can be tough to tell which stocks are most likely to pull through. This is where examining a company's underlying fundamentals is key. Rather than looking just at a business' stock performance, check for things like a strong competitive advantage in its industry and a competent leadership team with a history of guiding the company through tough times. According to Buffett, this is his and former business partner Charlie Munger's go-to strategy for building wealth in the stock market. [/QUOTE]

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