“You will get disruptions from time to time, and it’s very nice if you have a lot of cash then and you have the guts to do something with it. But predicting them or waiting around for them, that sort of thing, is not our game. We bought $5 billion worth of equities in the first quarter [of 2007], something like that. And...it would be a joke to even compare them to 1974 or a whole bunch of other periods. But we decided we would rather have them than cash, or we would rather have them than sit around and hope that things get a lot cheaper. We don’t spend a lot of time doing that. You can freeze yourself out indefinitely. So any time we find something that we think is intelligent to do, we just do it, and we hope we can do it big.” —Warren Buffett
Links - 9/2/2021
Links - 9/2/2021
Links - 9/2/2021
“You will get disruptions from time to time, and it’s very nice if you have a lot of cash then and you have the guts to do something with it. But predicting them or waiting around for them, that sort of thing, is not our game. We bought $5 billion worth of equities in the first quarter [of 2007], something like that. And...it would be a joke to even compare them to 1974 or a whole bunch of other periods. But we decided we would rather have them than cash, or we would rather have them than sit around and hope that things get a lot cheaper. We don’t spend a lot of time doing that. You can freeze yourself out indefinitely. So any time we find something that we think is intelligent to do, we just do it, and we hope we can do it big.” —Warren Buffett