It pays to keep refining your investing process. Even Buffett admits to selling Apple ‘too soon’, yet his discipline remains unmatched. A few timeless lessons this clip reinforces for us at RC:

Valuation is key

Buying stocks at premium prices is a recipe for mediocrity. Buffett talks about wanting to buy Apple, but not in the current market conditions. If it’s not cheap, it’s not a buy!

Know what you own

Being a generalist and trying to master every sector is a bad idea (for most people). At RC, we try to stick to Technology and Semiconductors.

Patience is a virtue

Buffett has >$350B in cash on Berkshire’s balance sheet. But he is waiting for the right moment - when stocks are really cheap. Remember, he did not buy even during the ‘Liberation Day’ saga last year. Having a high duration (which retail investors have) and the ability to sit out of the market is a key advantage.

Are you sitting on cash right now, like Buffett, or are you finding value in this current market? Any Buffett-style investment opportunities you are studying currently?