> Warren Buffett Blog: Charlie Munger says to invest big when the right opportunity comes

Wednesday, June 24, 2015

Charlie Munger says to invest big when the right opportunity comes

Experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind that loves diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past. 

- Charlie Munger (Vice Chairman of Berkshire Hathaway and Warren Buffett's right handman)