Lessons From Warren Buffett Value Investing

Lessons From Warren Buffett: You Don’t Get Paid for Activity, You Only Get Paid for Being Right

Warren Buffett’s legendary patience flies in the face of the market’s need to have activity. How long is he willing to wait for an opportunity?

“The question of how long we wait, we wait indefinitely. We are not going to buy anything just to buy something. We will only buy something if we think we’re getting something attractive,” Warren Buffett said at the 1998 Berkshire Hathaway Annual Meeting. “If the money piles up, the money piles up. And when we see something that makes sense, we’re willing to act very fast, very big. But we’re not willing to act on anything that doesn’t check out in our view. . . . You don’t get paid for activity, you only get paid for being right.”

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© 2021 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.