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Buffett emphasizes the importance of being patient and waiting for the right opportunity to invest from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
Buffett's approach to investing is firmly rooted in the belief that patience is a key virtue. He stresses the importance of waiting for the right opportunity to present itself before making any investment decisions. For Buffett, the goal is not to constantly be in the market, but rather to wait for the perfect moment to strike. This requires discipline and a willingness to sit on the sidelines until the time is right. One of the reasons Buffett advocates for patience is because he understands the power of compounding. By patiently waiting for the right opportunity, investors can ma...
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