Bidding Quote by Warren Buffett
“The smartest side to take in a bidding war is the losing side.”
About This Quote
Source Interview: Berkshire Hathaway Annual Shareholders Meeting, 2008
Winning a bidding war often costs more than the value gained; the loser can profit by avoiding overpaying.
In simple terms: Avoid overpaying in competition.
Key Takeaway
Seek value, not victory.
Themes
strategy
competition
value
risk
economics
Mood
cautious
analytical
Type
strategic
advisory
When to use this quote
- real estate auctions
- corporate takeovers
- online bidding
- procurement negotiations
Key Concepts
Game theory
price discipline
market dynamics
Questions to Reflect On
- How can you assess true value before bidding?
- When is it wiser to walk away?
A Different Perspective
Winning can erode profit if price exceeds worth.
![“No theory is too false, no fable too absurd, no superstition too degrading for acceptance when it has become embedded in common belief. Men will submit themselves to torture and to death, mothers will immolate [burn] their children at the bidding of beliefs they thus accept.” quote by Henry George](https://sms4smile.com/quotes/img-quotes/68e/henry-george-8103_absurd_no-theory-is-too-false-no-fable-too-absu_70212.jpg)
