QOTD: Warren Buffett

Warren Buffett, CEO OF Berkshire Hathaway, in the company's 2002 annual report, as quoted in CIO Magazine.

Three suggestions for investors:

First, beware of companies displaying weak accounting. When managements take the low road in aspects that are visible, it is likely they are following a similar path behind the scenes.

Second, if you can't understand a footnote or other managerial explanation, it's usually because the CEO doesn't want you to.

Finally, be suspicious of companies that trumpet earnings projections.