Great Warren Buffett Quote

I try to follow this advice everyday in my Advisory Business 

“Whether socks or stocks, I like buying quality merchandise when it is marked down.” - Warren Buffett 

The best way to do this is to wait for companies earnings to come out. Have all your research done ahead of time and then pounce if a company misses and High Frequency Traders destroy it. It's buying when there is blood in the streets on a stock by stock basis and its what I try to do in my practice.

Some examples from this past quarter (ADT) (DSW) where you could have followed Mr. Buffett's advice.