Jin10 reported on May 3 that Buffett shared a key investment principle: patience is important, but when a great opportunity arises, one must act quickly. He recalled receiving an unexpected phone call in 1966 from someone wanting to sell a company that earned 2 million a year at an extremely low price; such opportunities are fleeting. "When a profitable and reasonable opportunity arises, there’s no need to wait patiently; it should be seized immediately."
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Buffett on Investment Timing: Patience is Key
Jin10 reported on May 3 that Buffett shared a key investment principle: patience is important, but when a great opportunity arises, one must act quickly. He recalled receiving an unexpected phone call in 1966 from someone wanting to sell a company that earned 2 million a year at an extremely low price; such opportunities are fleeting. "When a profitable and reasonable opportunity arises, there’s no need to wait patiently; it should be seized immediately."