On market crashes: The right time horizon (long-term), an appetite for excellent and reasonably priced businesses, and a dose of optimism yield great perspective for Mr. Market's herd-like, manic behavior -- particularly when he's freaking out. (1/6)

The longer your time horizon, the less it matters that you identify the bottom of the market and the more it matters that you simply identify and invest in reasonably priced, high-quality businesses. Massive declines like the 2008 recession become blips on a 15-year chart. (2/6)

The more you limit your investments to reasonably priced, high-quality businesses, the more margin of safety you have for your forecasts and the more time you have for your thesis to play out since your assets are built to weather storms (3/6)

Pessimism will always sound more intelligent and compelling than optimism. Optimists, meanwhile, are filed away as naïve. Yet positivity and faith can ground you with timeless principles. Remember, we've survived wars, depressions, and recessions. (4/6)

To encourage you: some successful investors to turn to for long-term, timeless perspective:

@davidgfool
@iancassel
@morganhousel
@David_Kretzmann
@guyspier's book The Education of a Value Investor
@MohnishPabrai's book The Dhandho Investor
@WarrenBuffett's biography (5/6)

I have no idea when the bottom of the market is. But I believe that 15 years from now this market correction will only be a blip on a long, albeit volatile, move higher. I'm a bull on the resourcefulness and love in the human race, innovation, and capitalism. (6/6)