Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
Warren BuffettIf you donโt feel comfortable making a rough estimate of the assetโs future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isnโt necessary; you only need to understand the actions you undertake.
Warren BuffettWe are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
Warren Buffett... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
Warren Buffett