Warren Buffett's been waiting years for a crash like this — but he might not be buying just yet

Warren Buffett has the war chest to buy the dip, but he might wait a little longer to pounce.

Rick Wilking/Reuters

• Warren Buffett socked away $321 billion while waiting for stocks to crash like they did Thursday.
• The legendary investor specializes in buying cut-price assets during periods of market panic.
• Buffett gurus told BI the billionaire may wait for lower prices or a clearer outlook before buying.

Warren Buffett famously says to "be greedy when others are fearful" and "when it rains gold...