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There is a chance that Buffet could say "no" to a deal just because he felt it was rushed. “I call investing the greatest business in the world,” he says, “bec
by ISL 6y ago
There is a chance that Buffet could say "no" to a deal just because he felt it was rushed.
“I call investing the greatest business in the world,” he says, “because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There’s no penalty except opportunity lost. All day you wait for the pitch you like, then when the fielders are asleep, you step up and hit it.”
- mmcdermott 6y agoI've found that with most things (not everything), rejecting artificial urgency is a good heuristic. Sure, there are exceptions when you really do have to act now, but most exploding deals aren't worth taking.