Warren Buffett had some business students over to Berkshire Hathaway headquarters the other day, whereupon he gave them some compelling — and complicated — advice.
"You know, I always say you should get greedy when others are fearful and fearful when others are greedy. But that's too much to expect. Of course, you shouldn't get greedy when others get greedy and fearful when others get fearful. At a minimum, try to stay away from that."
We suspect the fact that it took us like ten minutes to get our heads around this is one of the reasons that we will never have a career in business.
What Warren Thinks [Fortune]