I have no use whatsoever for projections or forecasts…
“I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Projections and forecasts give a false sense of precision; focus on actual performance and track records instead to avoid missing opportunities.
In simple terms: Don’t trust predictions, look at real results.
Key Takeaway
Prioritize proven performance over uncertain forecasts.
Themes
investment
risk
analysis
decision‑making
history
Mood
analytical
pragmatic
cautious
Type
financial
business
When to use this quote
- stock selection
- business evaluation
- financial planning
- risk assessment
- strategic investing
Key Concepts
forecast skepticism
track record focus
opportunity cost
Questions to Reflect On
- How do you balance past performance with future potential?
- What risks arise from dismissing forecasts entirely?
A Different Perspective
Over‑reliance on past data can ignore emerging trends.