Anomalies Quote by Warren Buffett
“You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map. You may find local companies that have nothing wrong with them at all. A company that I found, Western Insurance Securities, was trading for $3/share when it was earning $20/share!! I tried to buy up as much of it as possible. No one will tell you about these businesses. You have to find them.”
About This Quote
Source Speech: Annual Shareholder Letter, Berkshire Hathaway, 1999
Finding hidden value requires diligent research and willingness to explore overlooked opportunities.
In simple terms: Search deeply for undervalued assets.
Key Takeaway
Seek out obscure, undervalued companies.
Themes
investment
research
value investing
Mood
cautious
optimistic
Type
advisory
inspirational
When to use this quote
- stock analysis
- private equity
- venture capital
- risk assessment
Key Concepts
Market inefficiencies
contrarian strategy
Questions to Reflect On
- How do you verify the sustainability of a low‑price anomaly?
- What safeguards prevent over‑paying for a perceived bargain?
A Different Perspective
Overlooked firms may still carry hidden risks or poor fundamentals.
