Warren Buffett

The "Enemies" Of Warren Buffett – From 1977 To 2015

The “Enemies” Of Warren Buffett H/T Forgot Who

From 1977 to 2015, Buffett used the term “enemy” six times in his letters. And every time he used the term, he taught something useful.

  1. Time is the friend of the wonderful business, the ENEMY of the mediocre. (1989)
  2. 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. (1990)
  3. A fat wallet is the ENEMY of superior investment results. (1994)
  4. Bad terminology is the ENEMY of good thinking. When companies or investment professionals use terms such as “EBITDA” and “pro forma,” they want you to unthinkingly accept concepts that are dangerously flawed. (2001)
  5. Haste is the ENEMY of accuracy. My thinking is that the SEC’s recent shortening of reporting deadlines will hurt the quality of information that shareholders receive. (2002)
  6. When investing, pessimism is your friend, euphoria the ENEMY. (2008)

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

We respect your email privacy

The "Enemies" Of Warren Buffett - From 1977 To 2015

The "Enemies" Of Warren Buffett

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 9/130/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others

 

0