4 ms·

He’s set to scoop everything up at a steep discount—a textbook example of patience and gut instinct rewarded when passive-investing.

• breckenedge 2y ago
  This is passive?
  • Arnt 2y ago
    Well, if he told the management of Apple and the Bank of America what to do, I didn't notice. Which is quite plausible, I might very well not. But did you?
    • breckenedge 2y ago
      Passive investing usually refers to buying index-only funds or investing with no voting powers.
      • Arnt 2y ago
        It also refers to investing where you don't try to exercise powers, despite having the ability. And if you invest a ten-digit sum, you do have the ability. Money talks.
      • tim333 2y ago
        Buffett is pretty much the definition of an active investor, in that he picks companies rather than putting money into everything.