Volatility in the stock market often scares investors away, but for great investors like Warren Buffett, Charlie Munger, Howard Marks, and Mohnish Pabrai, it’s the very source of opportunity. In this article, I share why volatility is not the same as risk, how legendary superinvestors have taken advantage of market swings to buy more of their favorite businesses, and when volatility should actually be a warning sign instead of an invitation. From Buffett’s bold accumulation of American Express during the Salad Oil Scandal to Seth Klarman’s crisis-era bargains, we’ll explore how the smartest investors turn chaos into long-term wealth—and how you can too.