Berkshire Hathaway Warren Buffett

Warren Buffett: How Investors Lose Millions – If It [The Stock Price] Ever Gets Back There, I’ll Buy It!

Here’s a great excerpt from a CNBC interview with features Warren Buffett, Bill Gates, and Charlie Munger. During the interview Buffett illustrates how investors miss out on great opportunities because they stay anchored on a stock’s previously lower price, instead of focusing on the current price, which may still represent good value, saying:

Q2 hedge fund letters, conference, scoops etc

Berkshire Hathaway Warren Buffett

“It is a little hard when you look at something at x, and it sells at 10x to buy it. It shouldn’t be but I can just tell you psychologically it’s harder when you looked at it in the first place and passed at x, and then buy at 10x, It cost a lot of people money at Berkshire. They saw it at a lower price then and just said – “If it ever gets back there, I’ll buy it.” That’s a terrible way to think!”

You can read the entire CNBC transcript here – Warren Buffett on CNBC’s “Squawk Box”.

For more articles like this, check out our recent articles here.

Article by The Acquirer’s Multiple


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0