US EditionThumb-Sucking in Investing: Warren Buffett’s Take on Hesitation | The Acquirer's Multiple®
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Thumb-Sucking in Investing: Warren Buffett’s Take on Hesitation | The Acquirer's Multiple®
During the 2001 Berkshire Hathaway Annual Meeting, Warren Buffett discusses the concept of errors of omission, which he defines as missed opportunities within their circle of competence, rather than failing to act on areas they don’t understand. He emphasizes the mistakes of inaction or underaction in situations they fully grasp, likening it to “sucking his thumb” when not capitalizing on clear opportunities. These errors often occur when they h…
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