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What did Warren Buffett say about urges in trading?

A) "Follow your instincts."
B) "Act when others are fearful."
C) "Control your urges; be patient."
D) "Take risks to achieve success."

User Meem
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1 Answer

5 votes

Final answer:

Warren Buffett advises to "Control your urges; be patient," aligning with the philosophy of disciplined and patient investment strategies rather than acting on impulses or taking unnecessary risks.

Step-by-step explanation:

Warren Buffett, one of the most successful investors in history, is known for his wisdom on investment strategies. Among the options provided, the one that corresponds most closely with Warren Buffett’s investment philosophy is "C) Control your urges; be patient." Buffett emphasizes the importance of discipline and patience when it comes to investing. Rather than acting on impulse or what might seem like instinctual moves, Buffett suggests that a calculated and patient approach tends to yield better financial outcomes.

He is also known for advocating that investors "be fearful when others are greedy and greedy when others are fearful," which somewhat relates to option B, "Act when others are fearful." Buffett does not believe in just chasing success by taking uncalculated risks, as might be implied by option D, nor does he suggest simply following one’s instincts, as option A suggests.

User Dominica
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