“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” -- Warren Buffett “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.” -- Warren Buffett “If you aren't willing to own a stock for ten years, don’t even think about owning it for ten minutes” -- Warren Buffett “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.” -- Warren Buffett Don't panic or make any rash moves. That was the advice of many investment advisors on Black Monday as markets around the world plunged. Value investors shouldn't be phased by the recent market action. Indeed, value investing is a marathon, a few days or even weeks of market volatility shouldn't change existing an... More