Accomplish Quote by Warren Buffett
“My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.”
About This Quote
Source Letter: Berkshire Hathaway annual shareholder letter, 2005
Investment managers must clearly state their goals and measurable outcomes, ensuring transparency and accountability in their fiduciary duties.
In simple terms: Managers should openly define goals and how to measure success.
Key Takeaway
Demand clear, measurable objectives.
Themes
accountability
transparency
investment
Mood
analytical
formal
Type
business
philosophical
When to use this quote
- portfolio management
- client communication
- goal setting
Key Concepts
fiduciary duty
performance metrics
Questions to Reflect On
- What metrics best reflect investment success?
- How can managers stay accountable?
A Different Perspective
Complex markets may obscure measurement.
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