Market crashes are terrifying for most investors, but for Warren Buffett, they’re prime shopping opportunities. When others panic and sell, the Oracle of Omaha gets his shopping list ready. His wealth-building approach during turbulent markets has created one of history’s greatest investment fortunes—and his strategies work for everyday investors too.

Be fearful when others are greedy, greedy when others are fearful

Buffett’s most famous investing principle becomes especially powerful during market downturns. “Be fearful when others are greedy and be greedy when others are fearful,” he advises. This contrarian approach helped Berkshire Hathaway achieve a 19.9% compounded annual return since 1965, nearly doubling the S&P…