If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and … - Warren Buffett

Same topic Authors

Quote of the day

We have to take care of the people that can't take care of themselves. And I will do that through a different system.

Warren Buffett

If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.

Comfortable, Earning, Earnings, Making, Moving, Needs

Same Author Quotes

If you don't find a way to make money while you sleep, you will work until you die.

Business, Money, Way, Work

The best investment you can make, is an investment in yourself. . . The more you learn, the more you'll earn.

Best Investment, Earn, Investment, Learn, Make

Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

Energy, Integrity, Look, Person, Two

If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

Competitor, Differences, Good, Losing, Power, Prayer

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.

Decision, Discipline, Emotional, Invest, Unusual