Opportunistic Buying Quotes

Invest at the point of maximum pessimism.

In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.

You want to be greedy when others are fearful.

This is a lifetime job. You don't look at it, you know, now and then. It doesn't really matter. When the market comes down, then I buy my land very cheaply, so I make my money on that.

Every time there's a dip in the market, we buy. If you don't buy the land right, it ain't going to work.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

When high-growth companies slow down, growth and momentum junkies often sell indiscriminately, which can create great opportunities for value investors. Just be careful not to anchor on the stock's previous price or earnings multiple, which are no longer relevant.

Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.

The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.

When the opportunities come, we may not want to buy another nickel asset, but if something comes cheap enough, we're all about return on equity.

The assets you want to buy are the ones people have to sell.