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Quote by Warren Buffett

“We make investment decisions based on our evaluation of the most profitable combination of probabilities.”

Quote by Warren Buffett

Author

Warren Buffett, born on August 30, 1930, is a renowned investor. Known as the 'Oracle of Omaha,' he is the chairman and CEO of Berkshire Hathaway, a diversified holding company involved in insurance, railroads, energy, finance, and more. Buffett's investment philosophy emphasizes value investing, and he is known for his long-term investment and stable investment strategies. more

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“The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read "one year's experience-twenty times.”

Years Mind Jobs Twenties Fellows Former Latter Employers Qualifications Years Of Experience

Author:Warren Buffett

“There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service revolves around the attainment of adequate diversification, the preservation of a long-term outlook, the ease of handling investment decisions and mechanics, and most importantly, the avoidance of the patently inferior investment techniques which seem to entice some individuals.”

“All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.”

Promise Draws Performances Organization Management Investment Superiors Emphasis Unreasonable Inference

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“People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.”

People World Important Seems Watches Skills Weight Management Bills Golf Investment Fuel Score Clients Evaluation Management Skills Investment Management

Author:Warren Buffett

“It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.”

People Thinking Views Company Approach Investment Conservative Conventional Conservatism Unconventional Conventionality

Author:Warren Buffett

“Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.”

Facts Action Sound Intelligent Conservative Arise Reasoning Hypothesis

Author:Warren Buffett

“When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.”

Facts Running Action Faces Courses Situation Clear Obvious

Author:Warren Buffett

“My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.”

Should States Done Jobs Views Company Willing Investment Accomplish Managers Department Etc Propose Counselor Brokers Get The Job Done

Author:Warren Buffett

“In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.”

Knows Enough Company Situation Cases Industry Judgment Majority Sensible

Author:Warren Buffett

“The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.”

Littles Left Loss Produce Return Periods Rate Average Profit Decent Workout Gross Occasional Parking Meter Annuals Allowance Predictability Time Left Parking Meters

Author:Warren Buffett