Uncertainty is the friend of the buyer of long term values.
Interpretation
Embracing uncertainty can lead to wise long-term investments.
Warren Buffett's quote highlights that in times of uncertainty, savvy buyers can discover and acquire long-term valuable assets at lower prices. This perspective suggests that rather than fearing unpredictability, investors can leverage it to make thoughtful decisions that yield significant rewards over time.
In practice
During a financial seminar, one might say, 'As Warren Buffett wisely noted, uncertainty is the friend of the buyer of long term values.'
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
The degree of one's emotions varies inversely with one's knowledge of the facts.
When the sage points at the moon, all that the idiot sees is the finger.
What seems new is only new to us.
somehow, with the passage of time, and the dealines that life imposes, surrending became the right thing to do
Live an active life among people who are doing worthwhile things, keep eyes and ears and mind and heart open to absorb truth, and then tell of the things you know, as if you know them. The world will listen, for the world loves nothing so much as real life.
The only guide to man is his conscience.
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