Business Quote by Warren Buffett
“We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.”
About This Quote
Prioritizing profit over sheer transaction volume ensures sustainable business health, whereas chasing volume without regard to margins erodes value.
In simple terms: Profit over volume
Key Takeaway
Quality beats quantity
Themes
profitability
risk management
business strategy
insurance
reinsurance
Mood
pragmatic
cautious
Type
business insight
leadership quote
When to use this quote
- setting sales targets
- evaluating new market entry
- balancing underwriting policies
- managing claim costs
Key Concepts
margin discipline
growth vs. profitability
financial resilience
Practical Applications
- profitability analysis
- risk-adjusted pricing
Questions to Reflect On
- How does focusing on profit affect long‑term growth?
- What risks arise when volume is prioritized over margins?
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