Since Indian markets (SENSEX and NIFTY) are making new high every day, suddenly there is enormous interest in investing in direct equity or in equity mutual funds. In this article, I am not going to discuss about the right time to invest or how to invest (through direct route or indirect route using mutual funds), but I will discuss the investment approach followed by famous investor of all the time "Warren Buffett". I believe that, after reading this article, most of the readers will able to make some judgement about the current market scenario and will able to keep aside the noise generated by various day to day news and will able to focus on the investing approach narrated here. Warren Buffett is one of the most successful stock market investors of the past several decades. His entire approach is to focus on the value of the business and its market price. Once Buffett finds a business he understands and feels comfortable with, he acts like a business owner rather than a st