Writing · Operations / Property Management

2024-04-20
“I call investing the greatest business in the world . . . because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There’s no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it. However, most institutional investors behave like Babe Ruth at bat with 50,000 fans and the club owner yelling, “Swing, you bum!” and some guy is trying to pitch him an intentional walk. They know if they don’t take a swing at the next pitch, the guy will say, “Turn in your uniform.”” -Warren Buffett
Operations / Property ManagementMindset / Mental Models / Decision MakingSales / Negotiation

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