--- title: "Meaning & Key Takeaway of: Buffett knows that a down market is when…" description: "\"“Buffett knows that a down market is when investors should be buying, not selling.”\" — Larry Swedroe" image: "https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg" --- # Buffett knows that a down market is when investors should… ![“Buffett knows that a down market is when investors should be buying, not selling.” quote by Larry Swedroe](https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg) [Download](https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg) [Open image](https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg) > ““Buffett knows that a down market is when investors should be buying, not selling.”” [Larry Swedroe](https://sms4smile.com/quotes/author/larry-swedroe/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors should view market downturns as buying opportunities rather than reasons to sell. **In simple terms:** Buy when markets fall, not when they rise. Key Takeaway Seek value in market dips. Themes investment strategy market cycles behavioral finance Mood analytical cautious Type advice philosophical When to use this quote - portfolio rebalancing - dollar‑cost averaging - long‑term wealth building - retirement planning Key Concepts contrarian investing value investing risk management Questions to Reflect On - How do you assess when a market dip is a true buying chance? - What safeguards can you add to avoid over‑exposure? A Different Perspective Buying in a down market can be risky if fundamentals are weak; timing remains uncertain. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) ## Related quotes > [Governments, many of them European, are actually offering - and investors are buying - bonds that are worth less at the end of five…](https://sms4smile.com/quotes/neil-macdonald/governments-many-of-them-european-are-actually-offering-and-investors/) [Neil Macdonald](https://sms4smile.com/quotes/author/neil-macdonald/) > [GE is falling under the same cloud of the market as a whole. Investors are not focused on the positives that are occurring like…](https://sms4smile.com/quotes/james-fisher/ge-is-falling-under-the-same-cloud-of-the-market-as-a-whole-investors/) James Fisher > [Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.](https://sms4smile.com/quotes/david-wessel/nobody-really-knows-what-the-market-is-going-to-do-but-it-sure-looks/) [David Wessel](https://sms4smile.com/quotes/author/david-wessel/) > [“Living frugally even when you can afford to live luxurious will not only help you to save money. It will also help you to…](https://sms4smile.com/quotes/tatyana-williams/living-frugally-even-when-you-can-afford-to-live-luxurious-will-not/) Tatyana Williams > [The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor…](https://sms4smile.com/quotes/benjamin-graham/the-art-of-investment-has-one-characteristic-that-is-not-generally/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [The message for the smart investor is to watch out. Do not get carried away with news reports and turn smart by pooling information…](https://sms4smile.com/quotes/sucheta-dalal/the-message-for-the-smart-investor-is-to-watch-out-do-not-get-carried/) [Sucheta Dalal](https://sms4smile.com/quotes/author/sucheta-dalal/) > [The intelligent investor is a realist who sells to optimists and buys from pessimists.](https://sms4smile.com/quotes/benjamin-graham/the-intelligent-investor-is-a-realist-who-sells-to-optimists-and-buys/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going…](https://sms4smile.com/quotes/barry-ritholtz/it-is-important-for-investors-to-understand-what-they-do-and-don-t/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [It is intellectually dishonest to lump venture investors with hedge fund and buy-out investors.](https://sms4smile.com/quotes/jose-ferreira/it-is-intellectually-dishonest-to-lump-venture-investors-with-hedge/) [Jose Ferreira](https://sms4smile.com/quotes/author/jose-ferreira/) > [Because investors are not usually penalized for adhering to conventional practices, doing so is the less professionally risky strategy, even though it virtually guarantees…](https://sms4smile.com/quotes/seth-klarman/because-investors-are-not-usually-penalized-for-adhering-to/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [While it's wonderful that investors have access to all the data now available to them, it has become a full-time job to sift through…](https://sms4smile.com/quotes/maria-bartiromo/while-it-s-wonderful-that-investors-have-access-to-all-the-data-now/) [Maria Bartiromo](https://sms4smile.com/quotes/author/maria-bartiromo/) > [From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an…](https://sms4smile.com/quotes/john-l-casti/from-the-1990s-onward-the-financial-sector-created-a-vast-array-of/) [John L. Casti](https://sms4smile.com/quotes/author/john-l-casti/) > [Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.](https://sms4smile.com/quotes/bill-gross/damn-inflation-full-speed-ahead-greenspan-has-said-in-both-action-and/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) ## More by Larry Swedroe > [“financial and life goals. Over the years, I have talked to thousands of people about investing. I have”](https://sms4smile.com/quotes/larry-swedroe/financial-and-life-goals-over-the-years-i-have-talked-to-thousands-of/) [Larry Swedroe](https://sms4smile.com/quotes/author/larry-swedroe/) > [“Wise Investing series is a collection of stories and analogies designed to demonstrate that the winning”](https://sms4smile.com/quotes/larry-swedroe/wise-investing-series-is-a-collection-of-stories-and-analogies/) [Larry Swedroe](https://sms4smile.com/quotes/author/larry-swedroe/) > [“investors and increase the chances of achieving your financial and life goals. Over the years, I have talked”](https://sms4smile.com/quotes/larry-swedroe/investors-and-increase-the-chances-of-achieving-your-financial-and/) [Larry Swedroe](https://sms4smile.com/quotes/author/larry-swedroe/) > [“Wise Investing series is a collection of stories and analogies designed to demonstrate that the winning investment strategy is a simple, elegant,”](https://sms4smile.com/quotes/larry-swedroe/wise-investing-series-is-a-collection-of-stories-and-analogies-2/) [Larry Swedroe](https://sms4smile.com/quotes/author/larry-swedroe/) [Explore all 5 Larry Swedroe quotes ](https://sms4smile.com/quotes/author/larry-swedroe/) ## More Customer quotes > [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.](https://sms4smile.com/quotes/sunil-nagaraj/many-early-stage-entrepreneurs-make-one-simple-mistake-describing/) [Sunil Nagaraj](https://sms4smile.com/quotes/author/sunil-nagaraj/) > [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Don't think OF the market. Think AS the market.](https://sms4smile.com/quotes/michael-fishman/don-t-think-of-the-market-think-as-the-market/) Michael Fishman > [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for…](https://sms4smile.com/quotes/whitney-tilson/the-exact-details-of-how-you-practice-value-investing-will-vary/) [Whitney Tilson](https://sms4smile.com/quotes/author/whitney-tilson/) > [The best way to hold customers is to constantly figure out how to give them more for less.](https://sms4smile.com/quotes/philip-kotler/the-best-way-to-hold-customers-is-to-constantly-figure-out-how-to/) [Philip Kotler](https://sms4smile.com/quotes/author/philip-kotler/) > [Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…](https://sms4smile.com/quotes/peter-schiff/perhaps-the-most-important-reason-to-be-skeptical-of-government/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying…](https://sms4smile.com/quotes/marc-ostrofsky/corporations-invest-in-sophisticated-crm-or-customer-relationship/) [Marc Ostrofsky](https://sms4smile.com/quotes/author/marc-ostrofsky/) > [I believe confusion is good. Worldwide market leaders gain when there is confusion in the market.](https://sms4smile.com/quotes/subhash-chandra/i-believe-confusion-is-good-worldwide-market-leaders-gain-when-there/) [Subhash Chandra](https://sms4smile.com/quotes/author/subhash-chandra/) > [Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.](https://sms4smile.com/quotes/bill-gross/damn-inflation-full-speed-ahead-greenspan-has-said-in-both-action-and/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [“When companies get big, they devote most of their care and feeding to the business that got them big. This is as it should…](https://sms4smile.com/quotes/eric-schmidt/when-companies-get-big-they-devote-most-of-their-care-and-feeding-to/) [Eric Schmidt](https://sms4smile.com/quotes/author/eric-schmidt/) > [“Salesmanship is usually the art of making it the prospect’s problem, the salesperson’s need or desire to earn money.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/salesmanship-is-usually-the-art-of-making-it-the-prospect-s-problem/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) [Browse all 9,257 Customer quotes ](https://sms4smile.com/quotes/about/customer/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Buffett knows that a down market is when investors should be buying, not selling.”", "creator": { "@type": "Person", "name": "Larry Swedroe" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/larry-swedroe/buffett-knows-that-a-down-market-is-when-investors-should-be-buying/", "about": { "@type": "Thing", "name": "Customer" }, "@id": "https://sms4smile.com/quotes/larry-swedroe/buffett-knows-that-a-down-market-is-when-investors-should-be-buying/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg", "url": "https://sms4smile.com/quotes/i/ce5/larry-swedroe-63186_customer_buffett-knows-that-a-down-market-is-when_829197.jpg", "width": 1080, "height": 1080, "caption": "“Buffett knows that a down market is when investors should be buying, not selling.” — Larry Swedroe", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Larry Swedroe", "item": "https://sms4smile.com/quotes/author/larry-swedroe/" }, { "@type": "ListItem", "position": 4, "name": "“Buffett knows that a down market...", "item": "https://sms4smile.com/quotes/larry-swedroe/buffett-knows-that-a-down-market-is-when-investors-should-be-buying/" } ], "@id": "https://sms4smile.com/quotes/larry-swedroe/buffett-knows-that-a-down-market-is-when-investors-should-be-buying/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```