The Daily Buffett

← PreviousIndexNext →

The Friend Within Time

July 19th

Time is the friend of the wonderful company, the enemy of the mediocre.

Warren Buffett

In a landscape where short-term trends and hasty decisions seem to dominate, it's the patient investor who truly understands the power of time.

In the ephemeral, a company's worth may be masked by transient market trends or temporary adversities, causing investors to misjudge its value. But over the long haul, the value of a company, the effectiveness of its management, and the worth of its product or service, come to the fore.

This is the wisdom of long-term investment. It's not about chasing the latest craze, but about identifying outstanding companies and allowing time to reveal their worth. Aligning with excellence and allowing it time to flourish can not only safeguard investments but also provide the satisfaction of witnessing greatness unfold.

Just as time can illuminate greatness, it can also expose mediocrity. The mediocre, once stripped of short-term pretenses by the passage of time, may find their foundations crumbling. So, let us align with the wonderful, appreciate the power of time, and remember: in the world of investing, time is a friend to be valued.

Join the newsletter to get the daily reflection delivered to your inbox.


Copyright © 2023 by Scott Sansovich