It is easy for investors to get itchy trigger fingers. After all, they are investors and investing is about putting your money to work. However, Warren Buffett has no problem with waiting until he finds the value and price that he wants.
“The question of how long we wait, we wait indefinitely. We are not going to buy anything just to buy something,” Warren Buffett said at the 1998 Berkshire Hathaway Annual Meeting. “We will only buy something if we think we’re getting something attractive.”
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© 2023 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.