The Art Of Doing Nothing

I’ve been thinking a lot about Warren Buffet.

I designed most of my business philosophy through many of the principles he preaches. The biggest being the idea of investing in cash flowing companies. What makes Buffet different from most investors is that he rarely invests in companies unless they are already profitable.

Most investors do the opposite, they invest in a company at the very beginning, take lots of risk, and bank on the event that at least one of the investments out performs everything else by an order of magnitude.

For instance, if you invested in Facebook at the very beginning, then all the other investments you made could have gone to zero and you still would have been most likely a billionaire.

But there is another lesson of Warren Buffet that I am trying to adopt. That is, the art of not acting. Now, I don’t play around in public markets like Warren Buffet does, but the overarching lesson is very applicable to me right now.

Don’t take my word for it, let the man tell you himself.