10-30-2013, 05:48 PM
I don't see any evidence that Warren B invests in that way. He always waits on the price to come to him, such that the asset represents a value plus has some moat of protection. His comments must have been taken out of context, maybe referring to a better alternative for the typical John Doe who lets emotion rule and most often buys high and sells low, as the emotions always get pulled the wrong way at almost the worst possible times.
Alex