Many people have heard of Warren Buffett's famous quote: "Be fearful when others are greedy, and greedy when others are fearful." There are countless cases in the market that demonstrate this theory—he always manages to sell at the high points and time the market precisely.



But you might not have heard this story.

In 1972, Berkshire Hathaway directly borrowed $20 million to buy stocks. Sounds aggressive, right? The more intense part came later—in 1973 to 1974, the account experienced significant losses. Under such paper loss pressure, Buffett did not cut losses nor reduce his holdings; instead, he held firmly and continued to add to his positions.

How tough were those two years? Imagine your money in the account shrinking, everyone saying your decision was wrong, and you having to grit your teeth and endure. And what was the result? When the market rebounded, this investment ultimately yielded explosive returns.

This might be the only time Warren Buffett truly acted greedily when everyone else was afraid. Not just talking about it, but actually borrowing money to bet big, choosing to hold through two years of hardship.

This is the real Warren Buffett. Not the story of the "perfect timing" that people often talk about, but the inner resolve—fighting market uncertainty and using time to create space. In this volatile market, such a mindset might be even more worth emulating. $BTC
BTC-5,21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
GasWhisperervip
· 01-20 04:37
honestly? the real move isn't timing the dip... it's having the gwei to actually stay through the pain while everyone panic sells. most people can't handle that kind of mempool pressure fr fr
Reply0
MEVEyevip
· 01-18 09:25
Damn, this is a real man, not the bunch that just talks big all day long.
View OriginalReply0
ContractBugHuntervip
· 01-17 10:56
You really have to hold on, this is the key --- That's right, discipline is more valuable than anything else --- Borrow 20 million to tough it out through two years of floating losses? Are you crazy? --- Most people can't do it at all, their mentality collapses --- Time exchanges for space, it sounds simple but execution is extremely difficult --- The key is to keep adding to your position even when others are criticizing you... --- This story really changed my view of him --- So you still need enough principal, right? --- The great way is simple, persistence is the hardest
View OriginalReply0
WhaleWatchervip
· 01-17 10:55
Borrowing money to bottom out and holding on for two years—that's true greed, not just talk.
View OriginalReply0
BearMarketSagevip
· 01-17 10:46
Talking tough, borrowing money to hold on for two years of unrealized losses—that's what a real man does.
View OriginalReply0
MiningDisasterSurvivorvip
· 01-17 10:46
Basically, it's just about living long enough. I also endured it in 2018. When the account shrank by 80%, everyone wanted to dump their holdings, but now... never mind, I won't bring it up.
View OriginalReply0
WalletAnxietyPatientvip
· 01-17 10:31
Basically, it's about endurance. Whoever can endure, wins.
View OriginalReply0
  • Pin