Buy Low Sell High - When Is the Buy Low?

The Oracle from Omaha has this famous quote that everybody rolls out when the market starts having volatility. The buying low concept is guess what? Guess what? When everybody else is losing their mind because they're so scared and just engrossed in fear. But here's the hard part. We all are susceptible to the cycle of market emotion. So it's often difficult for us to recognize when the crowd is greedy and we should be fearful orWhen the crowd is fearful and we shouldBe greedy.