"I have always cautioned partners that I..." - Quote by Warren Buffett
I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".
More by Warren Buffett
“Well, it may be all right in practice, but it will never work in theory”
“I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.”
“An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.”
More on Performance
“I hate being out there with those garbage men. They don't get you the ball.”
“For a long time, I've distinguished between entertainer and performer and entertainer and artist. To me, an entertainer is someone who pleases others, and an artist tries to please himself.”
“On stage it's just a wild setting - we have a big screen - hecklers, I'm fighting. It's entertainment, but I want to pierce [the audience's] souls and have them think about what I have to say.”
More on Evaluation
“At the end of each day, you should play back the tapes of your performance. The results should either applaud you or prod you.”
“When a new idea comes our way, we must put it on our mental scales and weigh it carefully before deciding its value.”
“Unless strategy evaluation is performed seriously and systematically, and unless strategists are willing to act on the results, energy will be used up defending yesterday.”