Are you a true Value Investor?

During times like these, I like to refer back to some wisdom Warren Buffett gave us, that if you cannot emotionally handle a 50% drop in your stock's value (provided that you are confident in the underlying business), you should not own stocks at all. He emphasized that true value investors must be "mentally ready to watch it drop 50% or even more and stay calm through it,” and by viewing such declines as a "fantastic opportunity.”