Able Quote by Warren Buffett
“We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.”
About This Quote
Source Speech: Annual Shareholder Letter, Berkshire Hathaway, 2023
Investing with a small, high‑quality portfolio of well‑run companies at fair prices.
In simple terms: Buy few, choose well, focus.
Key Takeaway
Prioritize quality over quantity.
Themes
investment
focus
quality
valuation
leadership
Mood
analytical
pragmatic
Type
business
financial
When to use this quote
- portfolio construction
- due diligence
- long‑term holding
- risk management
Key Concepts
value investing
economic moats
management integrity
Questions to Reflect On
- How do you define “excellent economics”?
- What criteria ensure “honest and able” leadership?
A Different Perspective
May miss opportunities in broader markets.
