Legendary investor Warren Buffett emphasized the critical role of patience in successful investing during Berkshire Hathaway’s annual shareholder meeting in Omaha. While acknowledging that swift action is sometimes essential, Buffett stressed that waiting for the right opportunity often leads to the best long-term returns.
“There are times when you’ll have to act fast. In fact, we made a great deal of money because we were willing to act faster than anybody around,” Buffett said, underlining how timing and preparedness can drive financial gains.
He elaborated on the balance between waiting and seizing the moment: “It’s a combination of patience and the willingness to act when the right deal comes along. You shouldn’t hesitate when a good opportunity arises—but you also shouldn’t waste time on deals that won’t materialize.”
Buffett praised his core leadership team—Ajit Jain and Greg Abel—for embodying this principle. He said they are methodical and cautious while assessing potential investments, yet ready to act decisively when required.
“While we’re being patient, never underestimate the amount of reading, analysis, and work that goes on behind the scenes. Being prepared to move quickly is a key part of being patient,” he added.
Buffett also reflected on his long-standing approach to building Berkshire Hathaway, emphasizing trust, independence, and people who don’t need constant supervision. “I never sought out institutional investors. I just wanted people who understood what needed to be done and could do it,” he said.
His remarks serve as a timeless reminder to investors that building wealth is not about constant action, but about deliberate preparation and striking at the right time.
