20 Tips From Warren Buffett on Weathering a Market Downturn

There's investing legends and then there's Warren Buffett, a man who earned the nickname "The Oracle of Omaha" because of his incredible and long lasting investment success. To suggest that Buffett has lived through a lot of different markets in his day would be an understatement. But his wisdom pulls from an even deeper reservoir, because of the iconic men who helped mold his investment approach. That list notably includes famed value investor Benjamin Graham, largely considered the father of securities analysis, and growth-oriented investor Phillip Fisher, who penned the iconic investing guide Common Stocks and Uncommon Profits (which has been in print for more than 50 years!).

Roll it all up and Buffett has a lot of wisdom to share. Which he is happy to do, as it were, in his company's widely ready annual reports. But you don't need to search through each and every one of Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) CEO letters to figure out what to do when times get tough on Wall Street. We've picked 20 of the best quotes for you. Here they are and some things to contemplate about each one.

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