You ought to be able to explain why youโre taking the job youโre taking, why youโre making the investment youโre making, or whatever it may be. And if it canโt stand applying pencil to paper, youโd better think it through some more. And if you canโt write an intelligent answer to those questions, donโt do it.
Warren BuffettThere are certain things that cannot be adequately explained to a virgin either by words or pictures.
Warren BuffettIt 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.
Warren Buffett