There’s no doubt that Warren Buffett is an optimist.
On the personal blog of billionaire Bill Gates, also the former CEO and founder of Microsoft as well as member of Berkshire Hathaway’s board, Buffett talks about what he and Bill have learned throughout the years. He shares this information in a video that you can watch on Bill Gates’ personal blog.
Gates mentions that Warren Buffett seems to always have an optimistic view of the world, which Buffett then explained is very easy for him, even if he’s not trying.
The 84-year-old Buffett says to Gates in the video: “I think if I’m sort of neutral about optimism or pessimism and I look at the facts around me, I look at what has happened in my lifetime… Put 3 of me end-to-end and you’re back before the Declaration of Independence was written. That progress, in 3 lifetimes like mine, is mind blowing.”
Those individuals who’ve read the most recent shareholder letter from Warren Buffett should understand that Buffett’s outlook of optimism isn’t really a major surprise. In the shareholder letter, Buffett asked, “Indeed, who has ever benefited during the past 238 years by betting against America?”
And as for America’s future, in that same letter Buffett wrote that “the mother lode of all opportunities runs through America.”
When asked why Buffett felt he was such a successful investor throughout the years, he said to Gates that he had simply followed his own rules, which he admits that they are not the simplest to apply, but overall they will prevent people from doing stupid things. Buffett says to Gates that if you have the chance to purchase something – a business, an apartment building, a farm – “of extraordinary value,” then it’s the perfect time to purchase it right then.
Buffett says that you shouldn’t worry if you can get a better price on the deal in the future and that you should just take it while it’s there.