It is better to be approximately right, than precisely wrong. — Warren Buffett

It is better to be approximately right, than precisely wrong.

Author: Warren Buffett

Insight: Most of us waste energy chasing perfect data when a rough estimate would get us 90% there. Your gut feeling about whether to change jobs is probably more useful than a spreadsheet you spent six hours perfecting. Sometimes done and directionally correct beats polished and useless.

Source: The Snowball: Warren Buffett and the Business of Life, p. 732, 2008

/Quotes

It is better to be approximately right, than precisely wrong.

Warren BuffettThe Snowball: Warren Buffett and the Business of Life, p. 732, 2008

Insight

Most of us waste energy chasing perfect data when a rough estimate would get us 90% there. Your gut feeling about whether to change jobs is probably more useful than a spreadsheet you spent six hours perfecting. Sometimes done and directionally correct beats polished and useless.

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Warren Buffett

Warren Buffett is an American investor, business tycoon, and philanthropist, widely considered one of the most successful investors in the world. He is the chairman and CEO of Berkshire Hathaway and is known for his value investing approach and long-term perspective in building wealth.

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