Buffett Succeeds at Nothing; Oct 30, 2002

By Mohnish Pabrai
October 30, 2002

Warren Buffett is known as being one of the best investors of all time. But it might come as a surprise to many that his investing strategy often encompasses long periods of what he calls "sitting on my butt." There have been periods of years when Berkshire Hathaway has purchased not a single share of stock, interspersed with some enormous activity. Sometimes doing nothing is the best thing you can do.

http://www.fool.com/portfolios/rulemaker/2002/rulemaker021030.htm

All the best,
Dah Hui Lau (David)
dahhuilaudavid@gmail.com