The Daily Buffett

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The Art of Inaction

July 31st

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long, dry spells. If I get an idea next week, I’ll do something. If not, I won't do a damn thing.

Warren Buffett

Ideas and opportunities in investing and life often come in waves or remain elusive for long stretches. While these fluctuations are part and parcel of the journey towards success, they also present a challenge to investors: when to act and when to refrain?

Patience and discernment in this context become virtues. Amidst the constant chatter of the market and the relentless pressure to 'do', there is an undeniable value in thoughtful inaction when the right opportunity does not present itself. This isn't about languid complacency, rather a strategic pause that aims to prevent impulsive decisions, often driven by the fear of missing out.

As for when the right opportunities do show up, they must be seized with both hands. It is this balance between vigilance and patience, between action and inaction, that forms the bedrock of successful investing. So as you navigate the challenging waters of investing, remember, the quality of your actions matter far more than the quantity. Making a single right move at the right time, even if it's the only one amidst a sea of inaction, often makes all the difference.

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Copyright © 2023 by Scott Sansovich