Buffet Channels Taleb

In another segment of his never-ending interview on CNBC, Warren Buffet gave advice Nassim Taleb would be proud of: don't stress about the day-to-day changes in the markets.

Who would have guessed - the key to investing for the long term is identifying well-performing businesses. Forget the quotes; look at the business. Or, in other words, look at companies that create real wealth, not those that merely seem like good speculative bets. Or, to rephrase once again, invest in companies Paul Graham of Y Combinator would endorse - companies that make something people want.