Business Quote by Warren Buffett
“Does the business have a consistent operating history?”
About This Quote
Consistent operating history indicates reliability and reduces investment risk.
In simple terms: History shows reliability.
Key Takeaway
Check a company's track record before investing.
Themes
investment
reliability
history
Mood
analytical
pragmatic
Type
financial
business
When to use this quote
- stock selection
- loan approval
- partner vetting
- market entry
- due diligence
Key Concepts
finance
risk assessment
business analysis
Questions to Reflect On
- What evidence beyond history supports a business?
- How much weight should history have versus innovation?
A Different Perspective
A short history can still be strong if growth is rapid.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)