Core Insights - The concept of "fat pitch" is central to Warren Buffett's investment philosophy, emphasizing the importance of waiting for the right investment opportunities that align with an investor's expertise [2][4][6] Investment Strategy - Buffett advocates for focusing on investments within one's "circle of competence," which includes sectors he understands well, such as consumer goods, oil and gas, and financial companies [4][5] - The strategy involves waiting for low valuations and market fear to identify strong investment opportunities, thereby minimizing risk [6][7] Recent Actions - Recently, Buffett applied this strategy by purchasing shares of UnitedHealth Group as its stock value declined, recognizing it as a favorable investment opportunity within the insurance sector [8][9]