There's no "degree of difficulty" factor in investing · Transcript · BuffettMungerGPT

WarrenWe really do feel that it's, you get paid just as well, you know, this is not like Olympic diving. And Olympic diving, you know, they have a degree of difficulty factor. And if you can do some very difficult dive, the payoff is greater if you do it well than if you do some very simple dive. That's not true in investments. You get paid just as well for the most simple dive as long as you execute it all right. And there's no reason to try those three and a halves when you get paid just as well for just diving off the side of the pool and going in cleanly. cleanly. So we look for one foot bars to step over rather than seven foot or eight foot bars to try and set some Olympic record by jumping over. And it's very nice because you get pages as well for the one foot bars.