The recent market downturn has caused panic among many. But Warren Buffett said, "This is nothing"—having experienced a drop of over 50% in 2008 and a 21% plunge on Black Monday, this correction is nothing more than an appetizer in his eyes.

"If it's only 5% or 6% cheaper, that's not enough. We're not going in to make a 5% profit." Real opportunities only appear during times of true panic.

How far do you think the real "bottom" is?