Letters by Topic
Letters on Opportunistic Investing
The practice of being patient and waiting for high-conviction opportunities when market conditions create extraordinary prices.
1986·The patience principle in capital allocation
Opportunity comes to those who wait. We have no urgency to act—only to act when the opportunity is extraordinary.
2008·Explaining Berkshire's crisis response
Be fearful when others are greedy, and greedy when others are fearful. We have been and continue to be enthusiastic deployers of capital when others are reluctant.
Explore the concept
Opportunistic Investing is one of the ideas behind the ValueOS tools. See it applied to real companies.