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That is common Buffett-style advice. But he also advises that price matters. Matters a lot, in fact.
by john_b 13y ago
That is common Buffett-style advice. But he also advises that price matters. Matters a lot, in fact.
- judk 13y agoThere are two sides to buffet style advice: 1. Buy bargains when assets are underpriced. 2. Hold those assets for many years. Also, Buffet buys substantial or controlling fractions of a company, so the other owners can't scrwwo him. If you can't do that, you can't replicate his large scale success.
- infinite8s 13y agoNot only that - he's able to affect those long-term returns.