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.
Warren BuffettWhen you're associating with the people that you love, doing what you love, it doesn't get any better than that.
Warren BuffettIf the reason for doing something is that everyone else is doing it, it's not a good enough reason.
Warren BuffettI don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
Warren BuffettThe line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.
Warren Buffett