--- title: "Meaning & Key Takeaway of: In the great majority of cases we simply…" description: "\"In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.\" — W..." image: "https://sms4smile.com/quotes/i/10e/warren-buffett-183_business_in-the-great-majority-of-cases-we-simply_666442.png" --- # In the great majority of cases we simply do not know… ![“In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.” quote by Warren Buffett](https://sms4smile.com/quotes/i/10e/warren-buffett-183_business_in-the-great-majority-of-cases-we-simply_666442.png) [Download](https://sms4smile.com/quotes/i/10e/warren-buffett-183_business_in-the-great-majority-of-cases-we-simply_666442.png) [Open image](https://sms4smile.com/quotes/i/10e/warren-buffett-183_business_in-the-great-majority-of-cases-we-simply_666442.png) > “In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. When lacking sufficient industry knowledge, it is prudent to refrain from judgment and wait for more information. **In simple terms:** Don't guess without enough data. Key Takeaway Hold back until you know more. Themes caution decision‑making uncertainty Mood thoughtful analytical Type advice business When to use this quote - investment analysis - business evaluation - strategic planning Key Concepts risk assessment information asymmetry Questions to Reflect On - How do you decide when to wait versus act? - What sources can reduce your knowledge gap? A Different Perspective Skipping may miss opportunities if data never arrives. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Company](https://sms4smile.com/quotes/about/company/) [Industry](https://sms4smile.com/quotes/about/industry/) [Judgment](https://sms4smile.com/quotes/about/judgment/) [Judgments](https://sms4smile.com/quotes/about/judgments/) [Sensible](https://sms4smile.com/quotes/about/sensible/) ## Related quotes > [When I walk into a new organization and I don't know the industry or the people, which has always been the case, I do…](https://sms4smile.com/quotes/sandra-e-peterson/when-i-walk-into-a-new-organization-and-i-don-t-know-the-industry-or/) [Sandra E. Peterson](https://sms4smile.com/quotes/author/sandra-e-peterson/) > [Make sure you meet the right people, people who know that industry and are willing to help you. 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All I knew was how to watch movies,…](https://sms4smile.com/quotes/michelle-rodriguez/i-knew-nothing-about-the-independent-film-industry-i-didn-t-know-much/) [Michelle Rodriguez](https://sms4smile.com/quotes/author/michelle-rodriguez/) > [I know every side of the industry after all these years.](https://sms4smile.com/quotes/chris-de-burgh/i-know-every-side-of-the-industry-after-all-these-years/) [Chris de Burgh](https://sms4smile.com/quotes/author/chris-de-burgh/) > [The people that know the industry better than anybody are the people who work in the industry.](https://sms4smile.com/quotes/hillary-clinton/the-people-that-know-the-industry-better-than-anybody-are-the-people/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [Well, our children do know what this industry is about, but they have a good grip on who they are.](https://sms4smile.com/quotes/morgan-brittany/well-our-children-do-know-what-this-industry-is-about-but-they-have-a/) [Morgan Brittany](https://sms4smile.com/quotes/author/morgan-brittany/) > [I don't know how this industry works. 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