When to buy a great business

Warren Buffett cautions against trying to time the purchase of a great company too much. From the 1996 Berkshire Hathaway annual meeting.

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[odedfaran]

[1:17]
"To sit there and hope you buy them in throws of some panic" [...] "... a mortician waiting for a flu epidemic..."
May 2020 Coronavirus :O

[bjkarana]

Instead of trying to make money in stocks, I follow Charlie Munger's advice and simply try not to lose money in stocks. Invert, invert, invert!

[candyfloss]

I think this was in May 1998 and in late May that year, Philip Carret passed away. So this standing ovation for him was justified in many ways. Warren And Charlie are indeed amazing.

[NKM]

PHILIP CARRET is the gentleman he is speaking of the book is called The Art of Speculation

[subscribetomyyoutubechanne]

1. If you like and know business
2. If you like the person offering the deal
3. Reasonable Price

[ValueInvestorsArchive]

Buying great businesses at fair prices is the way.

[ReflectionOcean]

- Look for companies with long-term excellence (0:10)

- Consider the 'leave it and go on a trip' test for investment confidence (0:28)

- Focus on investing in great businesses rather than timing the market (0:44)

- Learn from experienced investors like Phil Carret (2:27)

- Seize rare market opportunities when they arise, such as a company crisis (4:01)

[lokeshsharma]

The book by Philip Catret is Buying a bond published in 1924

[SunWest-ft]

You have been my mentor, looking great

[johnwolf]

"me scrolling down to see if there are any Covid19 comments" xD

[shankarbalakrishnan]

There is also a limitation for brilliance❤❤🎉🎉

[MrBoliao]

Mortician waiting for a flu pandemic, so true now

[CommandoX]

Well, C.O.V.I.D.-19, flu pandemic: market ended the year 2020 higher than ever. Not fun...

[john]

So why did he sell all Costco shares? it's expensive, but a great business.

[shankarbalakrishnan]

What a wonderful world world of hollow souls not holy souls❤❤🎉🎉