Buffett on CNBC:

Three times since I took over, for sure it’s gone down more than 50%. This is nothing to make you get excited.

The S&P is down roughly 10% YTD.

Buffett isn’t scared — he’s patiently hunting for new opportunities.

I completely agree.

This market isn’t scary. Scary is 2008.

Scary is 50%+ drawdowns with banks failing.

This is a correction in an environment where great businesses are getting cheaper by the day.

If your thesis hasn’t changed, your behavior and plan shouldn’t either.