The "Enemies" Of Warren Buffett – From 1977 To 2015VW Staff
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.
- Time is the friend of the wonderful business, the ENEMY of the mediocre. (1989)
- 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 . . .
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