Warren Buffett's 6-Word Advice is Critical for Today

It's been a wild ride for the stock market this year, largely due to new U.S. tariffs that have caused some turmoil in not just U.S. markets but global markets, as well. Through it all, billionaire Warren Buffett has a bevy of advice that was purpose-made for times like these.

Buffett, who recently announced that he would step down as CEO of his Berkshire Hathaway Inc., has a net worth of more than $160 billion, according to Forbes. His nickname is the "Oracle of Omaha," and Buffett is considered one of the top investors of all time.

Berkshire Hathaway owns and invests in major companies, including Dairy Queen, Geico and Duracell. He got is start very young in the stock market and actually purchased his first stock at age 11.

One of Buffett's most famous quotes rings true in 2025: "Be fearful when others are greedy."

For full context, he said, "Be fearful when others are greedy, and greedy when others are fearful."

"This statement is somewhat of a contrarian view of stock markets that relates directly to the price of an asset," Investopedia explains. "When others are greedy, prices typically boil over and one should be cautious lest they overpay for an asset that subsequently leads to anemic returns. It might present a good value investment opportunity when others are fearful."

In other words, don't buy too high. Try to buy low, which is easier said than done but good advice.

Another famous quote of Buffett's, which has a similar theme, is, "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Buffett will retire as CEO of Berkshire Hathaway at the end of 2025, but he will stay chairman of the board. Greg Abel will take Buffett's place as the new CEO of the company.

Related: Warren Buffett's 3-Word Advice on Getting Rich Amid Tariffs