Warren Buffett has weathered multiple market crashes. Here are his 8 best quotes about investing in tough times.

Getty Images / Bill Pugliano

• Warren Buffett has weathered several market crashes including Black Monday in 1987, the dot-com bubble bursting in 2000, and the 2008 financial crisis.
• The famed investor and Berkshire Hathaway CEO advises investors to be bold when others are scared, warns against waiting too long to buy, and recommends they never bet against America.
• Here are his 8 best quotes about investing in times of crisis.
• Visit Business Insider's homepage for more stories.

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Warren Buffett has navigated multiple market crashes including Black Monday in 1987, the dot-com crash in 2000, and the 2008 financial crisis. As a result, many people are looking to the famed investor and Berkshire Hathaway CEO for guidance on how to protect and grow their wealth during the coronavirus pandemic.

Buffett has shared plenty of tips during past downturns. They include acting boldly when others are scared, capitalizing on cheaper stock prices, and not waiting too long to buy or trying to time the market. He also warned against panic selling and betting against America at Berkshire's recent shareholder meeting.

Read more: A Wall Street equity chief lays out 5 reasons why another 'significant drawdown' in stocks is coming right after the fastest crash in history

Here are his 8 best quotes about investing during a crisis:

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

REUTERS/Rick Wilking

Source: 1986 shareholder letter

"Like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you, not to guide you."

Bill Pugliano/Getty

Source: 1987 shareholder letter

Read more: GOLDMAN SACHS: Buy these 14 stocks poised to surge in an economic recovery because of their limited exposure to consumers

"When hamburgers go down in price, we sing the "Hallelujah Chorus" in the Buffett household. When hamburgers go up, we weep."

Dave Weaver/AP

Source: Fortune, December 2001

Read more: BANK OF AMERICA: Investors should buy these 12 cheap stocks to bet on the coming US recovery - but they should steer clear of these 8 competitors

See the rest of the story at Business Insider

See Also:

• A Wall Street expert lays out how the stock market's 'downright terrifying' surge within this crisis may be laying the groundwork for another 32% crash
• 'Like nothing that has ever been seen before': Here's what 4 economists said about Friday's April jobs report
• 6 Fed officials spoke out last week about the looming economic recovery. Here's why they expect it to be bumpy and pose new risks.

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