Warren Buffett says
“It is better to be approximately right than precisely wrong.”
This quote is part of:
“Any business plan won’t survive its first encounter with reality. The reality will always be different. It will never be the plan.”
“Warren talks about these discounted cash flows. I’ve never seen him do one.”
“We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.”
“A company shouldn’t get addicted to being shiny, because shiny doesn’t last.”
“What are the secret of success? - one word answer: "rational".”
