Bright future Quote by Warren Buffett
“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
Source Speech: Annual Shareholder Meeting, Warren Buffett, 1999
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.
![“Expert estimates of probability are often off by factors of hundreds or thousands. [...] I used to be annoyed when the margin of error was high in a forecasting model that I might put together. Now I view it as perhaps the single most important piece of information that a forecaster provides. When…” quote by Nate Silver](https://sms4smile.com/quotes/img-quotes/d3b/nate-silver-3166_annoyed_expert-estimates-of-probability-are-ofte_2056533.jpg)
