Warren Buffett says investors should measure the success of their investments based 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 parlance, our yardstick of performance is slugging percentage, not batting average,” he wrote in 1992, using the sport’s statistics to illustrate…