“In the business world, the rearview mirror is always clearer than the windshield.”

--Warren Buffett

Arguably the world’s greatest investor, Warren Buffett, has seen his share of rearview mirrors and tainted windshields. That makes the analogy here even more apt. Always remember that it’s easy to know something in hindsight, and much tougher to make that call into the abyss of the future. Yes, we can learn from history, but ultimately all of our decisions are based on incomplete information. The best we can do is act with conviction, and on the best information available to us right now.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars or anything else. Click here to ask Doug.

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