Warren Buffett is possibly the single most successful investor in history. And, even if that's not true, he's certainly the most beloved. His folksy wisdom has long charmed the public, giving everyone real hope that success in business doesn't require selling out one's core principles.
In this clip, Buffett addresses a crowd to talk about what goes into a good investment. As usual, Buffett breaks it down to the simplest possible terms, making it clear that sometimes the easiest things to understand about finance are the most important.
His best pearl of wisdom in this video might be his last. As the clip ends, Buffett is talking about the relief he felt in investing and not getting forced to make moves just to react to competitors like he had to do while owning a department store. However, the cost of inaction in investing is zero, meaning one can take their time to settle on the right choice. "In investments, there's no such thing as a called strike," he says.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer