Sometimes, doing nothing is the most strategic move you can make. Warren Buffett has mastered that lesson better than anyone. In its latest quarterly results, Berkshire Hathaway Inc. (BRK.A) revealed it was sitting on a record cash hoard of $387 billion, notes Bill Patalon, chief stock picker at Stock Picker’s Corner.
That patience reflects Buffett’s discipline in waiting for opportunities that meet his strict criteria – rather than chasing momentum. It’s what has made him the 11th-richest person in the world.
Berkshire Hathaway Inc. (BRK.A)
In a market that’s turning into more gambling than investing – with prediction markets and sports betting entering brokerage accounts – Buffett’s approach is a reminder that restraint can be a competitive advantage. As he once said:
“The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And if people are yelling, ‘Swing, you bum!’ ignore them.”
