Billionaire Buffett Urges Long-Term Approach: Don't Sweat Short-Term, Choose Quality Stocks Over Index Funds
• Avoid fixating on the market’s direction; focus on identifying excellent companies at reasonable prices
• Emphasize owning outstanding businesses, not just adhering to a buy-and-hold strategy
• Index funds are a sound strategy for average investors
• Don't let short-term portfolio fluctuations dictate long-term investment decisions
• Earnings reports don't always reflect a company's genuine long-term value