Uncertainty Is Our Friend

“(The) argument is made that there are just too many (investment) question marks about the near future; wouldn’t it be better to wait (to invest) until things clear up a bit? You know the prose: “Maintain buying reserves until current uncertainties are resolved,” etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear and you pay a high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer . ..”

Warren Buffett, Forbes Magazine, August 6,1979