Business Quote by Warren Buffett
“If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.”
About This Quote
Source Speech: Annual Shareholder Meeting, Warren Buffett, 2008
Relying on intuition or speculation instead of long‑term advantage leads to poor business decisions.
In simple terms: Guessing hurts business choices.
Key Takeaway
Base actions on sustainable edge.
Themes
decision making
risk
long‑term strategy
Mood
cautious
analytical
Type
advice
business
When to use this quote
- investment analysis
- entrepreneurial planning
- market entry
- product development
Key Concepts
competitive advantage
probability
emotional bias
Questions to Reflect On
- How do you identify your true long‑term edge?
- What steps can reduce emotional bias?
A Different Perspective
Emotions can cloud judgment and cause missed opportunities.
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