Warren Buffett Says Investors Should Measure Their Investing Success On ‘Slugging Percentage, Not Batting Average’

Legendary investor and Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren Buffett has long relied on simple metaphors to explain complex financial principles, and one of his most enduring comparisons comes from America’s pastime. “In baseball lingo, our performance yardstick is slugging percentage, not batting average,” he wrote in 1992, using the sport’s statistics to illustrate how he evaluates Berkshire Hathaway’s results and, more broadly, how he believes investors should measure success. The comment appea ...