New Delhi, Feb. 18 -- Omaha-based billionaire value investor and former Chief Executive Officer (CEO) of Berkshire Hathaway, who is well known for his long-term investment approach to the stock market, once said that the equity market is a tool which rewards people with patience.

Warren Buffett famously said that the stock market is a device which transfers money from people who are impatient to the accounts of those people who show patience over time, reiterating his value investment stance over high volume trading.

"The stock market is a device to transfer money from the impatient to the patient," said Warren Buffett.

The billionaire's quote comes to mind at a time when the equity markets often swing based on news headlines, comments...