Business Understanding Quotes

Ignore the stock market, ignore the economy, and buy a business you understand.

No man has a right to expect to succeed in life unless he understands his business, and nobody can understand his business thoroughly unless he learns it by personal application and experience.

Never invest in a business you don't understand.

Scott Coker, I've known him such a long time, he's always been a straight shooter. He's always been very, very respectful towards me. He understands the business. He understands marketing and how to push the fighters to make them superstars in a household environment.

I understand every piece of business in this league.

I like the fact that now my understanding for entertainment and the entertainment business is completely different from what it was when I first came in. I get the business side of it.

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

The best wrestlers, whether it's a Hulk Hogan or a Rey Mysterio, are the ones who have psychology and can understand this business.

My father has a manufacturing company in Kentucky, and he's an electrical engineer. A brilliant man. A brilliant businessman. So he understands the business aspects of my business very well. My dad and I always communicate when I have to negotiate a deal.

Your first job, as an owner and an entrepreneur, has to be to understand how the business is going to actually work.

One way to mitigate our risk is to invest in companies with understandable business models.

Your goal as an entrepreneur is to understand not only what your business does but the clients that it serves. If you really have your pulse on their needs and wants, then your 'absolute' failures are always going to have limits.

John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.

If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

I think if you want to be a successful president or a manager of a team, you need to understand what the business is all about because you have to deal with the business side of the game to be able to do what you need to do.

Obama, for all his brilliance, has no real, felt understanding of management structures or of business.

The more time I spend with our people, the more I find out about our business.

Coming into the business, you'd pass through these little agencies until you got to understand what was happening in the business, unless you were really able to have a style strong enough to go directly to the publishers.

Mitt Romney understands the private sector, he understands how profit is created, and he isn't embarrassed by it.

Specialized management courses are useful but should come well after the complexity of management and business are understood.

The average member of the public thinks of 'business' as an impersonal corporate entity owned by the very rich and managed by overpaid executives. There is an almost total failure to appreciate that 'business' actually embraces - in one way or another - most Americans.

Business people don't need to understand designers better. They need to be designers.

The customer doing something innovative is not interested in the size of your company but in whether you understand what he does.

So I, I knew something in a business sense about semiconductors and I appreciated their possibilities.