Timing History, The Long-Range Thinking of Buffett And Munger

Warren Buffett had exquisite timing. I don't mean timing like you hear about it on Wall Street. Most often, one hears about timing services, a frenetic buy-sell program that tries to profit from the market's ups and downs on a monthly, weekly, or even daily basis. Buffett was adamantly opposed to that type of "investing," which he called the gross kind of speculation, and railed against such "timing" on a regular basis.